Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
481564 | European Journal of Operational Research | 2009 | 6 Pages |
Abstract
In 2007, Huang proposed the optimal retailer’s replenishment decisions in the EPQ model under two levels of trade credit policy, in which the supplier offers the retailer a permissible delay period M, and the retailer in turn provides its customer a permissible delay period N (with N < M). In this paper, we extend his EPQ model to complement the shortcoming of his model. In addition, we relax the dispensable assumptions of N < M and others. We then establish an appropriate EPQ model to the problem, and develop the proper theoretical results to obtain the optimal solution. Finally, a numerical example is used to illustrate the proposed model and its optimal solution.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Jinn-Tsair Teng, Chun-Tao Chang,