Lot-sizing policies for deteriorating items with expiration dates and partial trade credit to credit-risk customers

International Journal of Production Economics

Volumn 155, Issue , 2014, Pages 292-301

  Wu, Jiang ^a   Chan, Ya Lan ^b  

^a SOUTHWESTERN UNIVERSITY OF FINANCE AND ECONOMICS   (China)

^b ASIA UNIVERSITY   (Taiwan)

Author keywords

Credit risk customer; Deteriorating item; EOQ; Expiration date; Trade credit

Indexed keywords

COMMERCE; OPTIMAL SYSTEMS; RISK ASSESSMENT; DETERIORATION; PULP MANUFACTURE;

CREDIT RISKS; DETERIORATING ITEMS; EXPIRATION DATE; OPTIMAL LOT SIZING; OPTIMAL SOLUTIONS; PARTIAL TRADE CREDITS; PERMISSIBLE DELAY; TRADE CREDIT; CREDIT-RISK CUSTOMER; EOQ;

SALES;

EID: 84906282557     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2014.03.023     Document Type: Article

References (36)

1. S.P. Aggarwal, and C.K. Jaggi Ordering policies of deteriorating items under permissible delay in payments J. Oper. Res. Soc. 46 5 1995 658 662
2. M. Bakker, J. Riezebos, and R.H. Teunter Review of inventory systems with deterioration since 2001 Eur. J. Oper. Res. 221 2 2012 275 284
3. A. Cambini, and L. Martein Generalized Convexity and Optimization: Theory and Applications 2009 Springer Berlin
4. C.T. Chang, L.Y. Ouyang, and J.T. Teng An EOQ model for deteriorating items under supplier credits linked to ordering quantity Appl. Math. Model. 27 12 2003 983 996
5. S.C. Chen, L.E. Cárdenas-Barrón, and J.T. Teng Retailer's economic order quantity when the supplier offers conditionally permissible delay in payments link to order quantity Int. J. Prod. Econ. 2013 10.1016/j.ijpe.2013.05.032 in press
6. S.C. Chen, J.T. Teng, and K. Skouri Economic production quantity models for deteriorating items with up-stream full trade credit and down-stream partial trade credits Int. J. Prod. Econ. 2013 10.1016/j.ijpe.2013.07.024 in press
7. S.C. Chen, and J.T. Teng Retailer's optimal ordering policy for deteriorating items with maximum lifetime under supplier's trade credit financing Appl. Math. Model. 2014 10.1016/j.apm.2013.11.056 in press
8. M.S. Chern, Q. Pan, J.T. Teng, Y.L. Chan, and S.C. Chen Stackelberg solution in a vendor-buyer supply chain model with permissible delay in payments Int. J. Prod. Econ. 144 1 2013 397 404
9. R.B. Covert, and G.S. Philip An EOQ model with Weibull distribution deterioration AIIE Trans. 5 4 1973 323 326
10. U. Dave, and L.K. Patel (T, Si) policy inventory model for deteriorating items with time proportional demand J. Oper. Res. Soc. 32 2 1981 137 142
11. C.Y. Dye The effect of preservation technology investment on a non-instantaneous deteriorating inventory model Omega 41 5 2013 872 880
12. P.M. Ghare, and G.P. Schrader A model for an exponentially decaying inventory J. Ind. Eng. 14 5 1963 238 243
13. A. Goswami, and K.S. Chaudhuri An EOQ model for deteriorating items with shortages and a linear trend in demand J. Oper. Res. Soc. 42 12 1991 1105 1110
14. S.K. Goyal Economic order quantity under conditions of permissible delay in payments J. Oper. Res. Soc. 36 4 1985 335 338
15. S.K. Goyal, and B.C. Giri Recent trends in modeling of deteriorating inventory Eur. J. Oper. Res. 134 1 2001 1 16
16. M.A. Hariga Optimal EOQ models for deteriorating items with time-varying demand J. Oper. Res. Soc. 47 10 1996 1228 1246
17. F.W. Harris How many parts to make at once Factory, Mag. Manag. 10 2 1913 135 136 (and 152)
18. F. Hu, and D. Liu Optimal replenishment policy for the EPQ model with permissible delay in payments and allowable shortages Appl. Math. Model. 34 10 2010 3108 3117
19. Y.F. Huang Optimal retailer's replenishment policy for the EPQ model under the supplier's trade credit policy Prod. Plan. Control 15 1 2003 27 33
20. A.M.M. Jamal, B.R. Sarker, and S. Wang An ordering policy for deteriorating items with allowable shortage and permissible delay in payment J. Oper. Res. Soc. 48 8 1997 826 833
21. J.J. Liao On an EPQ model for deteriorating items under permissible delay in payments Appl. Math. Model. 31 3 2007 393 403
22. K.R. Lou, and W.C. Wang A comprehensive extension of an integrated inventory model with ordering cost reduction and permissible delay in payments Appl. Math. Model. 37 7 2013 4709 4716
23. L.Y. Ouyang, J.T. Teng, and L.H. Chen Optimal ordering policy for deteriorating items with partial backlogging under permissible delay in payments J. Glob. Optim. 34 2 2006 245 271
24. i) policy inventory model for deteriorating items with time proportional demand J. Oper. Res. Soc. 35 11 1984 1013 1019
25. D. Seifert, R.W. Seifert, and M. Protopappa-Sieke A review of trade credit literature: opportunity for research in operations Eur. J. Oper. Res. 231 2 2013 245 256
26. K. Skouri, I. Konstantaras, S. Papachristos, and I. Ganas Inventory models with ramp type demand rate, partial backlogging and Weibull deterioration rate Eur. J. Oper. Res. 192 1 2009 79 92
27. K. Skouri, I. Konstantaras, S. Papachristos, and J.T. Teng Supply chain models for deteriorating products with ramp type demand rate under permissible delay in payments Expert Syst. Appl. 38 12 2011 14861 14869
28. A.A. Taleizadeh An EOQ model with partial backordering and advance payments for an evaporating item Int. J. Prod. Econ. 2014 10.1016/j.ijpe.2014. 01.023 in press
29. J.T. Teng On the economic order quantity under conditions of permissible delay in payments J. Oper. Res. Soc. 53 8 2002 915 918
30. J.T. Teng Optimal ordering policies for a retailer who offers distinct trade credits to its good and bad credit customers Int. J. Prod. Econ. 119 2 2009 415 423
31. J.T. Teng, and S.K. Goyal Optimal ordering policies for a retailer in a supply chain with up-stream and down-stream trade credits J. Oper. Res. Soc. 58 9 2007 1252 1255
32. J.T. Teng, I.P. Krommyda, K. Skouri, and K.R. Lou A comprehensive extension of optimal ordering policy for stock-dependent demand under progressive payment scheme Eur. J. Oper. Res. 215 1 2011 97 104
33. J.T. Teng, J. Min, and Q. Pan Economic order quantity model with trade credit financing for non-decreasing demand Omega 40 3 2012 328 335
34. W.C. Wang, J.T. Teng, and K.R. Lou Seller's optimal credit period and cycle time in a supply chain for deteriorating items with maximum lifetime Eur. J. Oper. Res. 232 2 2014 315 321
35. J. Wu, K. Skouri, J.T. Teng, and L.Y. Ouyang A note on "Optimal replenishment policies for non-instantaneous deteriorating items with price and stock sensitive demand under permissible delay in payment" Int. J. Prod. Econ. 2014 10.1016/j.ijpe.2013.12.017 in press
36. S. Yang, K.S. Hong, and C. Lee Supply chain coordination with stock-dependent demand rate and credit incentives Int. J. Prod. Econ. 2013 10.1016/j.ijpe.2013.06.014 in press