Optimal ordering policies for a single deteriorating item with ramp-type demand rate under permissible delay in payments

Yan Shi, Zhiyong Zhang, Fangming Zhou and Yongqiang Shi

Journal of the Operational Research Society, 2019, vol. 70, issue 10, 1848-1868

Abstract: In this paper, we assume that the supplier offers the retailer a credit period (i.e., M) and the retailer purchases a single deteriorating item from the supplier to satisfy the market demand, and shortages are not allowed. With the consideration of trade credit, we develop an inventory model for a single deteriorating item with ramp-type demand rate. Unlike the previous research, on the one hand, we consider both cases of μ≥T$ \mu \ge T $ and μ

Date: 2019
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DOI: 10.1080/01605682.2018.1468865

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