Optimal replenishment policy for the EPQ model with permissible delay in payments and allowable shortages

Applied Mathematical Modelling

Volumn 34, Issue 10, 2010, Pages 3108-3117

  Hu, Fei ^a   Liu, Dongyi ^a  

^a TIANJIN UNIVERSITY   (China)

Author keywords

EPQ; Inventory; Permissible delay in payments; Shortages

Indexed keywords

ECONOMIC PRODUCTION QUANTITY; EPQ MODELS; NUMERICAL EXAMPLE; PERMISSIBLE DELAY IN PAYMENTS; REPLENISHMENT POLICY; SELLING PRICES;

INDUSTRIAL ECONOMICS;

OPTIMIZATION;

EID: 77952884716     PISSN: 0307904X     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.apm.2010.01.016     Document Type: Article

References (15)

1. Goyal S.K. Economic order quantity under conditions of permissible delay in payments. J. Operat. Res. Soc. 1985, 36:335-338.
2. Chand S., Ward J. A note on economic order quantity under conditions of permissible delay in payments. J. Operat. Res. Soc. 1987, 38:83-84.
3. Khouja M., Mehrez A. Optimal inventory policy under different supplier credit policies. J. Manuf. Syst. 1996, 15:334-339.
4. Aggarwal S.P., Jaggi C.K. Ordering policies of deteriorating items under permissible delay in payments. J. Operat. Res. Soc. 1995, 46:658-662.
5. Chu P., Chung K.J., Lan S.P. Economic order quantity of deteriorating items under permissible delay in payments. Comput. Operat. Res. 1998, 25:817-824.
6. Chung K.J., Liao J.J. Lot-sizing decisions under trade credit depending on the ordering quantity. Comput. Operat. Res. 2004, 31:909-928.
7. Ouyanga L.Y., Teng J.T., Chuang K.W., Chuang B.R. Optimal inventory policy with noninstantaneous receipt under trade credit. Int. J. Prod. Econ. 2005, 98:290-300.
8. Teng J.T. On the economic order quantity under conditions of permissible delay in payments. J. Operat. Res. Soc. 2002, 53:915-918.
9. Chung K.J., Huang Y.F. The optimal cycle time for EPQ inventory model under permissible delay in payments. Int. J. Prod. Econ. 2003, 84:307-318.
10. Huang Y.F. Optimal retailer's ordering policies in the EOQ model under trade credit financing. J. Operat. Res. Soc. 2003, 54:1011-1015.
11. Teng J.T., Chang C.T. Optimal manufacturer replenishment policies in the EPQ model under two levels of trade credit policy. Eur. J. Operat. Res. 2009, 195:358-363.
12. Jaggi C.K., Goyal S.K., Goel S.K. Retailer's optimal replenishment decisions with credit-linked demand under permissible delay in payments. Eur. J. Operat. Res. 2008, 190:130-135.
13. Jamal A.M.M., Sarker B.R., Wang S. An ordering policy for deteriorating items with allowable shortage and permissible delay in payment. J. Operat. Res. Soc. 1997, 48:826-833.
14. Chen L.H., Ouyang L.Y. Fuzzy inventory model for deteriorating items with permissible delay in payment. Appl. Math. Comput. 2006, 182:711-726.
15. Chung K.J., Huang C.K. An ordering policy with allowable shortage and permissible delay in payments. Appl. Math. Modell. 2009, 33:2518-2525.