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

fYear

2013

fDate

25-27 May 2013

Firstpage

41

Lastpage

45

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;

fLanguage

English

Publisher

ieee

Conference_Titel

Control and Decision Conference (CCDC), 2013 25th Chinese

Conference_Location

Guiyang

Print_ISBN

978-1-4673-5533-9

Type

conf

DOI

10.1109/CCDC.2013.6560891

Filename

6560891