Optimal Inventory Policies for Weibull Deterioration under Trade Credit in Declining Market

Nita H. Shah and Nidhi Raykundaliya ()
Additional contact information
Nidhi Raykundaliya: Ahmedabad-380009, Gujarat

Indus Journal of Management & Social Science (IJMSS), 2009, vol. 3, issue 2, 11-20

Abstract: The aim of this study is to develop mathematical model for Weibull deterioration of items in inventory in declining market when the supplier offers his retailers a credit period to settle the accounts against the dues. The computational steps are explored for a retailer to determine the optimal purchase units which minimize the total inventory cost per time unit. The numerical examples are given to demonstrate the retailer’s optimal decision. A sensitivity analysis is carried out to study the variations in the optimal solution.

Keywords: Weibull deterioration; trade credit; declining market (search for similar items in EconPapers)
JEL-codes: C61 C63 D81 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://indus.edu.pk/RePEc/iih/journl/11-20_Optimal_Inventory.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iih:journl:v:3:y:2009:i:2:p:11-20

Access Statistics for this article

Indus Journal of Management & Social Science (IJMSS) is currently edited by Dr. Gobind M Herani

More articles in Indus Journal of Management & Social Science (IJMSS) from Department of Business Administration
Bibliographic data for series maintained by Faraz Ahmed ( this e-mail address is bad, please contact ).