Credit Policy and Inventory Control

Credit policies are shown to be important in the basic economic order quantity inventory model. An economic order quantity model is derived which explicitly considers possible credit periods allowed by suppliers. This model is shown to be very sensitive to the length of the credit period, and to the...

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Veröffentlicht in:	The Journal of the Operational Research Society 1984-12, Vol.35 (12), p.1055-1065
Hauptverfasser:	Chapman, C. B., Ward, S. C., Cooper, Dale F., Page, M. J.
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Applied sciences Business and Management Cost efficiency Cost estimates Cost estimation models Credit Credit policies Credit Policy Economics Exact sciences and technology Inventories Inventory Control Inventory control, production control. Distribution Management Modeling Operational research and scientific management Operational research. Management science Operations research Operations Research/Decision Theory Order quantity Parametric models Sensitivity Sensitivity Analysis Theoretical Paper Theoretical Papers Unit costs
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