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Optimal payment time with deteriorating items under inflation and permissible delay in payments

類別:期刊論文

學年 / 學期:98-1

出版日期:2009-10-01 00:00:00

著者:Chang, Chun-Tao; Wu, Shuo-Jye; Chen, Li-Ching

單位:淡江大學統計學系

出版者:Abingdon: Taylor & Francis Ltd.

著錄名稱、卷期、頁數:International Journal of Systems Science 40(10), pp.985-993

摘要:This article develops an inventory model under a situation in which the supplier provides the purchaser with a permissible delay of payments. 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 article, we establish a mathematical model to determine the optimal payment period and replenishment cycle. Using Taylor series approximation, we characterise the optimal solution and provide an easy-to-use algorithm to find the optimal solution. Finally, the proposed models are illustrated through numerical examples and the sensitivity analysis is reported.

關鍵字:Inventory;finance;delay payments;payment period;deteriorating items

語言:en_US

ISSN:0020-7721; 1464-5319

期刊性質:國外

收錄於:SCI SSCI EI

通訊作者:Chang, Chun-Tao

審稿制度:是

國別:GBR

出版型式:紙本 電子版