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Economic Order Quantity Under Conditions Of A One-Time-Only Extended Permissible Delay Period In Payments

Listed author(s):

    (Department of DS & MIS, John Molson School of Business, Concordia University, Montreal, Quebec, Canada H3G1M8, Canada)



    (Department of Statistics, Tamkang University, Tamsui, Taipei, Taiwan 25137, ROC)

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    In today's business environment, a supplier usually offers customers a permissible delay for settling outstanding account balance for the goods supplied. However, a supplier on occasion may allow this permissible delay in payments to be more than the usual during a given specified period. In this paper, we establish an appropriate model for a customer to determine its optimal special order quantity when the supplier offers a special extended permissible delay for one time only during a specified period. We then establish two theorems for a customer to find the optimal special order quantity. Finally, several numerical examples are given to illustrate the theoretical results.

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    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal Asia-Pacific Journal of Operational Research.

    Volume (Year): 25 (2008)
    Issue (Month): 02 ()
    Pages: 267-277

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    Handle: RePEc:wsi:apjorx:v:25:y:2008:i:02:p:267-277
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