Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
478935 | European Journal of Operational Research | 2008 | 25 Pages |
Abstract
It is the purpose of this paper to model the retailer’s profit-maximizing strategy when confronted with supplier’s trade offer of credit and price-discount on the purchase of merchandise. Generally, retailers have to face many types of demands for different kinds of goods. In real situation, retailers have to correlate between the selling price and supplier’s trade offer, keeping in mind profit-maximization strategy. In the proposed model, all increasing deterministic demands are discussed analytically, numerically and graphically in the environment of permissible delay in payment and discount offer to the retailer.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Shib Sankar Sana, K.S. Chaudhuri,