IDEAS home Printed from https://ideas.repec.org/a/ids/ijmore/v31y2025i3p314-338.html
   My bibliography  Save this article

The inventory model for optimal replenishment policy with deterioration and various interest rates: two levels permissible delay in payment strategy

Author

Listed:
  • Jitendra Kaushik

Abstract

Here, I developed an 'EOQ' model for the deteriorating items considering the price and time-dependent ramp-type demand function. I considered two rates for interest charged and discussed four different possibilities according to the length of the time slots: 1) both the rates lie in the growing phase; 2) one lies in the growing, and another lies in the constant phase. Permissible delay in payment provides an opportunity for extra sales, which increases revenue for suppliers and retailers. Suitable numerical examples are provided to demonstrate the obtained results. The comparison of models is presented considering permissible delay and without permissible delay; our results highlight higher profit to retailers in case of permissible delay. Then, sensitivity analysis is performed, and its implication is discussed from a managerial perspective.

Suggested Citation

  • Jitendra Kaushik, 2025. "The inventory model for optimal replenishment policy with deterioration and various interest rates: two levels permissible delay in payment strategy," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 31(3), pages 314-338.
    • Handle: RePEc:ids:ijmore:v:31:y:2025:i:3:p:314-338
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=147871
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to

    for a different version of it.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijmore:v:31:y:2025:i:3:p:314-338. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sarah Parker (email available below). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=320 .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.