Advanced Search
MyIDEAS: Login to save this article or follow this journal

Coordinate inventory models with two-level credit policy and a price negotiation scheme in declining market

Contents:

Author Info

  • Nita H. Shah
  • Nidhi Raykundaliya
Registered author(s):

    Abstract

    In this study, the coordinated inventory models with allowable trade credit are developed. The demand is considered to be price-sensitive and decreasing function of time. The models consider the two-level trade credit policy, i.e., vendor offers some credit period to buyer and buyer in turn offers partial credit period to the customer. An iterative procedure is developed for the integrated models to determine the buyer's optimal price and production/order strategy. It is observed that even if buyer's share is less, the total joint profit of the supply chain increases. To counter balance, the buyer's loss due to the joint decision, a negotiation scheme is introduced to distribute the extra profit between the vendor and the buyer. A numerical example and sensitivity analysis are given to validate the proposed problem. It is observed that price discount policy is beneficial and increases the total joint profit.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.inderscience.com/link.php?id=39851
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by Inderscience Enterprises Ltd in its journal Int. J. of Data Analysis Techniques and Strategies.

    Volume (Year): 3 (2011)
    Issue (Month): 2 ()
    Pages: 202-219

    as in new window
    Handle: RePEc:ids:injdan:v:3:y:2011:i:2:p:202-219

    Contact details of provider:
    Web page: http://www.inderscience.com/browse/index.php?journalID=282

    Related research

    Keywords: coordinated inventory models; two-level trade credit; trade credit policy; price negotiation scheme; price-sensitive declining demand; time dependent declining demand; production-order strategy; sensitivity analysis; modelling; price discount policy; joint profit.;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ids:injdan:v:3:y:2011:i:2:p:202-219. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Graham Langley).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.