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