Title :
The study on deteriorating items sale and order strategy under trade credit
Author_Institution :
Dept. of Bus. Adm., Henan Bus. Coll., Zhengzhou, China
Abstract :
Much of exiting EOQ models consider to decide the optimal order quantity and cycle under trade credit tactic, Which seldom consider how to make supplier´s trade credit strategy. This paper proposes Stackelberg game model to get the deteriorating items optimal trade credit tactic as well as ordering policy subject to single vendor-buyer supply chain under end demand is price negative exponent function. Finally numerical examples are shown to illustrate the results in the paper.
Keywords :
credit transactions; game theory; order picking; stock control; supply chains; EOQ model; Stackelberg game model; items sale deterioration; optimal order quantity; order strategy; price negative exponent function; trade credit strategy; vendor-buyer supply chain; Delta modulation; Electronic mail; Games; Inventory control; Marketing and sales; Numerical models; Deteriorating Items; Inventory Control; Stackelberg Game; Trade Credit;
Conference_Titel :
Control Conference (CCC), 2011 30th Chinese
Conference_Location :
Yantai
Print_ISBN :
978-1-4577-0677-6
Electronic_ISBN :
1934-1768