Supply chain inventory model for deteriorating items under two-level credit policy in declining market

Omprakash K. Gupta, Nita H. Shah and Kunal T. Shukla

International Journal of Applied Management Science, 2011, vol. 3, issue 2, 143-173

Abstract: In this paper, an attempt is made to derive the retailer's inventory policy for deteriorating items under two levels of trade credit in declining market in supply chain environment. It is assumed that the retailer is a powerful decision maker. Supplier offers credit period to the retailer which in turn, partially offered to the customers by the retailer. The objective is to minimise the total cost of the retailer's inventory system with respect to the cycle time. An easy-to-use algorithm is given to decide the best policy. The numerical examples are given to illustrate the developed model and managerial issues are derived.

Keywords: deterioration; partial trade credit; demand declining markets; supply chain management; SCM; inventory modelling; deteriorating items; credit policy; inventory policy. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ids:injams:v:3:y:2011:i:2:p:143-173

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