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The Effect Of Credit Period On The Optimal Lot Size For Deteriorating Items With Time Varying Demand And Deterioration Rates

Author

Listed:
  • HORNG-JINH CHANG

    (Graduate Institute of Management Sciences, Tamkang University, Tamsui, Taipei, Taiwan 25173, ROC)

  • CHUNG-YUAN DYE

    (Department of Business Administration, Shu-Te University, Yen Chau Kaohsiung, Taiwan, 824, ROC)

Abstract

In this paper, we present an inventory model for deteriorating items with time varying demand and deterioration rates when the credit period depends on the retailer's ordering quantity. We also provide simple solution procedures for finding the optimal replenishment period and show in a rigorous way that the policy suggested is indeed optimal. Further, we use numerical examples to illustrate the model and conclude the paper with suggestions for possible future research.

Suggested Citation

  • Horng-Jinh Chang & Chung-Yuan Dye, 2005. "The Effect Of Credit Period On The Optimal Lot Size For Deteriorating Items With Time Varying Demand And Deterioration Rates," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 22(02), pages 211-227.
    • Handle: RePEc:wsi:apjorx:v:22:y:2005:i:02:n:s0217595905000546
    DOI: 10.1142/S0217595905000546
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    Cited by:

    1. Dye, Chung-Yuan & Yang, Chih-Te, 2015. "Sustainable trade credit and replenishment decisions with credit-linked demand under carbon emission constraints," European Journal of Operational Research, Elsevier, vol. 244(1), pages 187-200.

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