Inventory model for deteriorating items and time value of money for a finite time horizon under the permissible delay in payments

Nita H. Shah

51 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

In this article, an inventory model is derived by assuming constant rate of deterioration of units in an inventory, time value of money under the conditions of permissible delay in payments. The optimal replenishments and fraction of cycle time are decision variables to minimize the present value of inventory cost over a finite planning horizon. The sensitivity analysis is carried out by a numerical example.

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References

1985Economic Order Quantity under Conditions of Permissible Delay in Payments 1995Ordering Policies of Deteriorating Items under Permissible Delay in Payments 1997An ordering policy for deteriorating items with allowable shortage and permissible delay in payment 2000Supply chain models for perishable products under inflation and permissible delay in payment 1996Joint price and lot size determination under conditions of permissible delay in payments and quantity discounts for freight cost 1993A lot-size model for exponentially decaying inventory when delay in payments is permissible 1999Economic production lot size for deteriorating items taking account of the time-value of money 1989Inventory Control and Trade Credit Revisited

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2008An inventory model under uncertain inflationary conditions, finite production rate and inflation-dependent demand rate for deteriorating items with shortages 2008An inventory model for ameliorating and deteriorating items taking account of time value of money and finite planning horizon 2021A Continuous Review Production-Inventory System with a Variable Preparation Time in a Fuzzy Random Environment 2009Optimal payment time with deteriorating items under inflation and permissible delay in payments

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