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An inventory model with trade-credit policy and variable deterioration for fixed lifetime products

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  • Biswajit Sarkar
  • Sharmila Saren
  • Leopoldo Cárdenas-Barrón

Abstract

The purpose of this study is two-fold. The first is to consider supplier’s and retailer’s trade-credit policy for fixed lifetime products and the second is to extend Mahata’s 2012 model with time varying deterioration where Mahata (Expert Syst Appl 39(3):3537–3550, 2012 ) wrote exponential deterioration but actually he considered constant deterioration. We assume that the suppliers offer full trade-credit to retailers but retailers offer partial trade-credit to their customers. Some numerical examples along with graphical representations are given to illustrate the model. Copyright Springer Science+Business Media New York 2015

Suggested Citation

  • Biswajit Sarkar & Sharmila Saren & Leopoldo Cárdenas-Barrón, 2015. "An inventory model with trade-credit policy and variable deterioration for fixed lifetime products," Annals of Operations Research, Springer, vol. 229(1), pages 677-702, June.
    • Handle: RePEc:spr:annopr:v:229:y:2015:i:1:p:677-702:10.1007/s10479-014-1745-9
    DOI: 10.1007/s10479-014-1745-9
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