期刊名称:International Journal of Industrial Engineering Computations
印刷版ISSN:1923-2926
电子版ISSN:1923-2934
出版年度:2012
卷号:3
期号:3
页码:445-462
DOI:10.5267/j.ijiec.2012.01.005
语种:English
出版社:Growing Science Publishing Company
摘要:In this article, a production inventory model is developed to determine the retailer’s optimal replenishment decisions under two levels of trade credit and limited storage space. Two levels of trade credit refers that the supplier provides to his/her retailer a permissible delay period to settle the account and the retailer also in turn provides a delay period to his/her customer for paying of purchasing goods. The retailer’s credit period M offered by supplier is greater than customers credit period N provides by the retailer. This paper investigates retailer optimal replenishment policy under finite replenishment rate by minimizing the total annual inventory cost. Three theorems are developed to determine optimal cycle time, optimal relevant cost and optimal order quantity for retailers accurate and rapidly. A numerical example is used to analyze the validity of propose model, Sensitive analysis shows managerial decisions for retailer.