Impact of Inflation and Credit Financing Policy on the Supply Chain With Learning

Mahesh Kumar Jayaswal and Mandeep Mittal
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Mahesh Kumar Jayaswal: Department of Mathematics and Statistics, Banasthali Vidyapith, Banasthali Rajasthan, India
Mandeep Mittal: Department of Mathematics, Amity Institute of Applied Sciences, Amity University Uttar Pradesh, Noida, India

International Journal of Information Systems and Supply Chain Management (IJISSCM), 2022, vol. 15, issue 1, 1-25

Abstract: Technology drives many fields to improve the quality of items during the supply of the products. Despite proficient planning in the industrial system and the presence of sophisticated techniques, there may be some defective items in the lots. This paper deals with the inventory model that determines economic order quantity (EOQ) with learning effect for decaying defective quality items under the inflationary condition and credit financing policy. The objective of the work is to analyze the impact of credit financing policy, learning, and inflationary condition on the order quantity and retailer profits. Results revealed that the trade-credit policy will be beneficial for the retailer. Conclusively, sensitive analysis has been presented to understand the robustness of the models.

Date: 2022
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