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Paper Information

Journal:   SCIENTIA IRANICA   2015 , Volume 22 , Number 6 (TRANSACTIONS E: INDUSTRIAL ENGINEERING); Page(s) 2558 To 2570.
 
Paper: 

AN INVENTORY MODEL FOR DETERIORATING ITEMS WITH INVENTORY-DEPENDENT AND LINEAR TREND DEMAND UNDER TRADE CREDIT

 
 
Author(s):  WU C.F., ZHAOB Q.H.*
 
* OF ECONOMICS AND MANAGEMENT, BEIHANG UNIVERSITY, BEIJING, P.R. CHINA
 
Abstract: 
One of the important issues in inventory management is permissible delay in payments. Previous inventory lot-size models allowing permissible delay in payments implicitly assumed that the demand rate is constant and inventory-dependent. However, this paper, unlike most existing models, this paper develops an Economic Order Quantity (EOQ) model for deteriorating items with a current inventory-dependent and linearly increasing time-varying demand under trade credit, which fits a more general inventory feature. An efficient solution procedure is shown to determine the optimal replenishment cycle of the model. Furthermore, this study deduces some previously published results as special cases of the proposed model. Finally, numerical examples are presented to illustrate the optimization procedure, and a sensitivity analysis is performed for changes in the parameters to obtain important and relevant findings on managerial implication.
 
Keyword(s): INVENTORY-DEPENDENT AND LINEAR TREND DEMAND, ECONOMIC ORDER QUANTITY (EOQ), TRADE CREDIT, DETERIORATING ITEMS, PERMISSIBLE DELAY IN PAYMENTS
 
 
References: 
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Click to Cite.
APA: Copy

WU, C., & ZHAOB, Q. (2015). AN INVENTORY MODEL FOR DETERIORATING ITEMS WITH INVENTORY-DEPENDENT AND LINEAR TREND DEMAND UNDER TRADE CREDIT. SCIENTIA IRANICA, 22(6 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)), 2558-2570. https://www.sid.ir/en/journal/ViewPaper.aspx?id=508200



Vancouver: Copy

WU C.F., ZHAOB Q.H.. AN INVENTORY MODEL FOR DETERIORATING ITEMS WITH INVENTORY-DEPENDENT AND LINEAR TREND DEMAND UNDER TRADE CREDIT. SCIENTIA IRANICA. 2015 [cited 2021May07];22(6 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)):2558-2570. Available from: https://www.sid.ir/en/journal/ViewPaper.aspx?id=508200



IEEE: Copy

WU, C., ZHAOB, Q., 2015. AN INVENTORY MODEL FOR DETERIORATING ITEMS WITH INVENTORY-DEPENDENT AND LINEAR TREND DEMAND UNDER TRADE CREDIT. SCIENTIA IRANICA, [online] 22(6 (TRANSACTIONS E: INDUSTRIAL ENGINEERING)), pp.2558-2570. Available: https://www.sid.ir/en/journal/ViewPaper.aspx?id=508200.



 
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