Optimal inventory policy under permissible payment delay in fashion supply chains
type: Item
instance of: scholarly article
title: Optimal inventory policy under permissible payment delay in fashion supply chains
zbMATH Open document ID: 1407.90023
DOI: 10.1155/2014/327131
author: Guo Li
author: Mengqi Liu
author: Zhaohua Wang
author: Yu-chen Kang
published in: Mathematical Problems in Engineering
publication date: 2019-02-08T00:00:00Z
review text: Summary: This paper investigates a retailer's optimal inventory cycle and the corresponding time of payment in fashion supply chains where a supplier allows the payment delay. Here according to the established model we first analyze the retailer's reaction, and then find out the retailer's optimal inventory policy and time of payment to maximize its total profit. Our result shows that it is not always the best choice for retailers of fashion supply chains to choose the discount way to replenish stocks, but the retailer can decide the optimal credit period and inventory cycle. Moreover, numerical examples are provided to illustrate the model's feasibility and rationality.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 90B06
zbMATH DE Number: 7016182
MaRDI profile type: Publication
Wikidata QID: Q59064289
full work available at URL: https://doi.org/10.1155/2014/327131
OpenAlex ID: W1986522703
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description: scientific article; zbMATH DE number 7016182