Integrated imperfect production inventory model under permissible delay in payments depending on the order quantity

Abstract

The aim of this paper is to develop an improved inventory modelwhich helps the enterprises to advance their profit increasing and costreduction in a single vendor-single buyer environment with permissible delayin payments depending on the ordering quantity and imperfect production.Through this study, some numerical examples available in the literature areprovided herein to apply the permissible delay in payments depending on theordering quantity strategy. Furthermore, imperfect products will cause thecost and increase number of lots through the whole model. Therefore, formore closely conforming to the actual inventories and responding to thefactors that contribute to inventory costs, our proposed model can be thereferences to the business applications. Finally, results of this studyshowed applying the permissible delay in payments can promote the costreduction; and also showed a longer trade credit term can decrease costs forthe complete supply chain.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 9 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.