Optimal replenishment decisions under two-level trade credit with partial upstream trade credit linked to order quantity and limited storage capacity
type: Item
instance of: scholarly article
title: Optimal replenishment decisions under two-level trade credit with partial upstream trade credit linked to order quantity and limited storage capacity
zbMATH Open document ID: 1407.90041
DOI: 10.1155/2014/736712
author: Chih-Te Yang
author: Liang-Yuh Ouyang
author: Chang-Hsien Hsu
author: Kuo-Liang Lee
published in: Mathematical Problems in Engineering
publication date: 2019-02-08T00:00:00Z
review text: Summary: This paper extends the previous economic order quantity (EOQ) models under two-level trade credit such as Goyal (1985), Teng (2002), Huang (2003, 2007), Kreng and Tan (2010), Ouyang et al. (2013), and Teng et al. (2007) to reflect the real-life situations by incorporating the following concepts: (1) the storage capacity is limited, (2) the supplier offers the retailer a partially upstream trade credit linked to order quantity, and (3) both the dispensable assumptions that the upstream trade credit is longer than the downstream trade credit \(N < M\) and the interest charged per dollar per year is larger than or equal to the interest earned per dollar per year \(I_c < I_e\) are relaxed. We then study the necessary and sufficient conditions for finding the optimal solution for various cases and establish a useful algorithm to obtain the solution. Finally, numerical examples are given to illustrate the theoretical results and provide the managerial insights.
Mathematics Subject Classification ID: 90B05
zbMATH DE Number: 7017159
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2014/736712
OpenAlex ID: W1985235783
Wikidata QID: Q59071811
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description: scientific article; zbMATH DE number 7017159