The optimal retailer's ordering policies with trade credit financing and limited storage capacity in the supply chain system

Ghi‐Feng Yen · Kun‐Jen Chung · Tzung-Ching Chen

28 citations0/0 files storedInternational Journal of Systems Science

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Supply Chain and Inventory Management Sustainable Supply Chain Management Working Capital and Financial Performance

Abstract

The traditional economic order quantity model assumes that the retailer's storage capacity is unlimited. However, as we all know, the capacity of any warehouse is limited. In practice, there usually exist various factors that induce the decision-maker of the inventory system to order more items than can be held in his/her own warehouse. Therefore, for the decision-maker, it is very practical to determine whether or not to rent other warehouses. In this article, we try to incorporate two levels of trade credit and two separate warehouses (own warehouse and rented warehouse) to establish a new inventory model to help the decision-maker to make the decision. Four theorems are provided to determine the optimal cycle time to generalise some existing articles. Finally, the sensitivity analysis is executed to investigate the effects of the various parameters on ordering policies and annual costs of the inventory system.

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References

1985Economic Order Quantity under Conditions of Permissible Delay in Payments 2003Optimal retailer's ordering policies in the EOQ model under trade credit financing 2007Retailer’s optimal replenishment decisions with credit-linked demand under permissible delay in payments 2008An EOQ model with noninstantaneous receipt and exponentially deteriorating items under two-level trade credit 2007A deterministic EOQ model with delays in payments and price-discount offers 2008Optimal manufacturer’s replenishment policies in the EPQ model under two levels of trade credit policy 2010An inventory model for deteriorating items under stock-dependent demand and two-level trade credit 1992A deterministic inventory model for deteriorating items with two warehouses and finite replenishment rate

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2016Lot‐sizing policies for deterioration items under two‐level trade credit with partial trade credit to credit‐risk retailer and limited storage capacity 2012The integrated inventory model with the transportation cost and two-level trade credit in supply chain management 2014Optimal strategy of deteriorating items with capacity constraints under two-levels of trade credit policy 2015Manufacturer-retailer inventory model for deteriorating items with price-sensitive credit-linked demand under two-level trade credit financing and profit sharing contract

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