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Optimal ordering policy for short life-cycle products under credit financing with dynamic adoption in supply chain

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  • Udayan Chanda
  • Alok Kumar

Abstract

Traditional inventory models are mostly ignorant of the life cycle dynamics of a technology product; hence, they often fail to identify different dimensions of inventory research. This paper attempts to investigate the relationship between adoption behavior of customers using life cycle dynamics and associated trade credit policies in order to optimize the total inventory cost. The demand model used in this paper treats sales as a function of awareness diffusion and adoption. Awareness is considered as a function of feedback effects from users/customers. Retailer’s optimal strategies for short life cycle product under credit financing were determined analytically. Finally, numerical examples have been used to support the theoretical results. Theoretical results have further been used to gain some managerial insights.

Suggested Citation

  • Udayan Chanda & Alok Kumar, 2019. "Optimal ordering policy for short life-cycle products under credit financing with dynamic adoption in supply chain," Journal of Management Analytics, Taylor & Francis Journals, vol. 6(3), pages 269-301, July.
    • Handle: RePEc:taf:tjmaxx:v:6:y:2019:i:3:p:269-301
    DOI: 10.1080/23270012.2019.1614488
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    Cited by:

    1. Faryal Fahim & Batiah Mahadi, 2023. "Green Trade Credit and Sustainable Firm Performances During COVID-19: A Conceptual Review," Vision, , vol. 27(5), pages 593-603, November.
    2. Gaurav Nagpal & Udayan Chanda & Himanshu Seth & Namita Ruparel, 2022. "Inventory Replenishment Policies for Two Successive Generations of Technology Products Under Permissible Delay in Payments," International Journal of Information Systems and Supply Chain Management (IJISSCM), IGI Global, vol. 15(1), pages 1-29, January.

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