Ordering policy for stock-dependent demand rate under progressive payment scheme: a comment

Christoph H. Glock, Jörg M. Ries and Kurt Schwindl

International Journal of Systems Science, 2015, vol. 46, issue 5, 872-877

Abstract: In a recent paper, Soni and Shah developed a model for finding the optimal ordering policy for a retailer facing stock-dependent demand and a supplier offering a progressive payment scheme. In this comment, we correct several errors in the formulation of the models of Soni and Shah and modify some assumptions to increase the model's applicability. Numerical examples illustrate the benefits of our modifications.

Date: 2015
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DOI: 10.1080/00207721.2013.798446

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