The correct proofs for the optimal ordering policy with trade credit under two different payment methods in a supply chain system
Cheng et al. (Top, 2010 . doi: 10.1007/s11750-08-0062-3 ) consider the optimal ordering policy with trade credit under two different payment methods. Under Assumption (5) by Cheng et al., the annual total relevant cost TRC(T) is only defined on a finite interval. However, Cheng et al. treat the domain of TRC(T) to be the set of all positive numbers such that the formulation and optimal solution of TRC(T) cause some errors. So, the main purpose of this paper not only removes those shortcomings by Cheng et al. but also presents the correct proofs for Theorems 1 and 2 of Cheng et al. Copyright Sociedad de Estadística e Investigación Operativa 2012
Volume (Year): 20 (2012)
Issue (Month): 3 (October)
|Contact details of provider:|| Web page: http://www.springerlink.com/link.asp?id=120409|
|Order Information:||Web: http://link.springer.de/orders.htm|
When requesting a correction, please mention this item's handle: RePEc:spr:topjnl:v:20:y:2012:i:3:p:768-776. 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: (Guenther Eichhorn)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.