An EOQ model with deteriorating items under inflation when supplier credits linked to order quantity
This study proposes an inventory model under a situation in which the supplier provides the purchaser a permissible delay of payments if the purchaser orders a large quantity. Shortages are not allowed and the effect of the inflation rate, deterioration rate and delay in payment are discussed as wel...
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| Veröffentlicht in: | International journal of production economics 2004-04, Vol.88 (3), p.307-316 |
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| container_title | International journal of production economics |
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| creator | Chang, Chun-Tao |
| description | This study proposes an inventory model under a situation in which the supplier provides the purchaser a permissible delay of payments if the purchaser orders a large quantity. Shortages are not allowed and the effect of the inflation rate, deterioration rate and delay in payment are discussed as well. As a result, in this paper, we establish an EOQ model for deteriorating items under inflation when the supplier offers a permissible delay to the purchaser if the order quantity is greater than or equal to a predetermined quantity. We then characterize the optimal solution and provide an easy-to-use algorithm to find the optimal order quantity and replenishment time. Finally, some numerical examples are given to illustrate the theoretical results and made the sensitivity analysis of parameters on the optimal solutions. |
| doi_str_mv | 10.1016/S0925-5273(03)00192-0 |
| format | Article |
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Finally, some numerical examples are given to illustrate the theoretical results and made the sensitivity analysis of parameters on the optimal solutions.</description><subject>Delay payments</subject><subject>Deteriorating items</subject><subject>Economic models</subject><subject>Finance</subject><subject>Industrial economics</subject><subject>Inflation</subject><subject>Inventory</subject><subject>Inventory control</subject><subject>Lot-size</subject><subject>Order quantity</subject><subject>Studies</subject><issn>0925-5273</issn><issn>1873-7579</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2004</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><recordid>eNqFkE9r3DAQxUVpodtNP0JB9NQenEqWLcmnEkL-lUAobc_ClkddpV7JkeSE_fYdd0uuAY2eGN68ET9CPnB2yhmXX36wrm6rtlbiExOfGeNdXbFXZMO1EpVqVfeabJ4tb8m7nO8ZY4prvSHjWaAXd9_pPo4w0SdfdnSEAsnH1BcfflNfYJ_pEkZI1Ac3YTcG-rSDQPMyz5PHvk0w-pLp5MMfGGmJNKbV_7D0ofhyOCFvXD9leP9ft-TX5cXP8-vq9u7q5vzstrKNqEslm6aWEpS0ILTTg2ODkEr3TWd5K4ZBDU5IOWo5aNWBcAIG2Til6n7g1nEltuTjMXdO8WGBXMx9XFLAlYZ3HauFUhJN7dFkU8w5gTNz8vs-HQxnZuVp_vE0KyzD8Kw88bEl345zCWawz0MAgNvARvNoRK81XgesmrEGxWMJrHlVpozA-F3ZY9jXYxggjkdkaLL1ECxyTGCLGaN_4Tt_AQaDlvE</recordid><startdate>20040418</startdate><enddate>20040418</enddate><creator>Chang, Chun-Tao</creator><general>Elsevier B.V</general><general>Elsevier</general><general>Elsevier Sequoia S.A</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>7TA</scope><scope>7TB</scope><scope>8FD</scope><scope>FR3</scope><scope>JG9</scope><scope>KR7</scope></search><sort><creationdate>20040418</creationdate><title>An EOQ model with deteriorating items under inflation when supplier credits linked to order quantity</title><author>Chang, Chun-Tao</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c432t-644266e76ce38f8bf0b3678a49c153bb7bf366d86b879e3f3eb64f772ab1cf173</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2004</creationdate><topic>Delay payments</topic><topic>Deteriorating items</topic><topic>Economic models</topic><topic>Finance</topic><topic>Industrial economics</topic><topic>Inflation</topic><topic>Inventory</topic><topic>Inventory control</topic><topic>Lot-size</topic><topic>Order quantity</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Chang, Chun-Tao</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Materials Business File</collection><collection>Mechanical & Transportation Engineering Abstracts</collection><collection>Technology Research Database</collection><collection>Engineering Research Database</collection><collection>Materials Research Database</collection><collection>Civil Engineering Abstracts</collection><jtitle>International journal of production economics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Chang, Chun-Tao</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>An EOQ model with deteriorating items under inflation when supplier credits linked to order quantity</atitle><jtitle>International journal of production economics</jtitle><date>2004-04-18</date><risdate>2004</risdate><volume>88</volume><issue>3</issue><spage>307</spage><epage>316</epage><pages>307-316</pages><issn>0925-5273</issn><eissn>1873-7579</eissn><coden>IJPCEY</coden><abstract>This study proposes an inventory model under a situation in which the supplier provides the purchaser a permissible delay of payments if the purchaser orders a large quantity. 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| ispartof | International journal of production economics, 2004-04, Vol.88 (3), p.307-316 |
| issn | 0925-5273 1873-7579 |
| language | eng |
| recordid | cdi_proquest_journals_199023776 |
| source | RePEc; Elsevier ScienceDirect Journals |
| subjects | Delay payments Deteriorating items Economic models Finance Industrial economics Inflation Inventory Inventory control Lot-size Order quantity Studies |
| title | An EOQ model with deteriorating items under inflation when supplier credits linked to order quantity |
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