Title :
An inventory model under two-level trade credit when demand is stimulated by stock level
Author :
Mo Jiangtao ; Fu Linlin ; Li Zhonghui ; Hao Jiaqin
Author_Institution :
Coll. of Math. & Inf. Sci., Guangxi Univ. Nanning, Nanning, China
Abstract :
An inventory model for deteriorating item under two-level trade credit is presented. The demand rate is a linear function of the inventory level if it is more than a certain amount; otherwise the demand rate is a constant. The optimal cycle and order quantity are determined. Numerical examples are given to illustrate the theoretical results. Sensitive analysis of major parameters has been carried out and the implications are discussed.
Keywords :
commerce; financial management; inventory management; numerical analysis; sensitivity analysis; EOQ model; credit period; demand rate; economic order quantity; inventory model; linear function; market competition enhancement; optimal cycle; order quantity; sales improvement; sensitive analysis; stock level; stock-dependent demand; two-level trade credit; Computational modeling; Educational institutions; Europe; IP networks; Mathematical model; Numerical models; Supply chains; deteriorating items; inventory model; stock-dependent demand; two-level trade credit;
Conference_Titel :
Control and Decision Conference (CCDC), 2013 25th Chinese
Conference_Location :
Guiyang
Print_ISBN :
978-1-4673-5533-9
DOI :
10.1109/CCDC.2013.6560891
