A more direct demonstration on the EOQ model under retailer partial trade credit policy in supply chain

• Autorzy: Huang Y. F. , Huang H. F. , Teng J. T.
• Języki publikacji: EN

Abstrakty

EN

Huang and Hsu (2008) investigated the inventory system as a cost minimization problem, with the objective to determine the retailer’s optimal inventory policy under the supply chain conditions. Then, Chung (2008) presented the comments to this problem, with the aim to overcome the shortcomings and present complete proofs for the results, relative to Huang and Hsu (2008). However, the proof, proposed by Chung is cumbersome, and can be followed with difficulty. The main purpose of this paper is to develop another proof, much more easy to comprehend.

Słowa kluczowe

EN

EOQ; inventory; trade credit; permissible delay in payments; supply chain

• Wydawca: Systems Research Institute, Polish Academy of Sciences
• Czasopismo: Control and Cybernetics
• Rocznik: 2015
• Tom: Vol. 44, no. 3
• Strony: 389--397
• Opis fizyczny: Bibliogr. 2 poz., rys.

Twórcy

autor

Huang Y. F.

• Department of Marketing and Logistics Management, Chaoyang University of Technology, No. 168, Jifeng E. Rd., Wufeng District, Taichung, 41 349 Taiwan ROC

autor

Huang H. F.

• Department of Information Management, National Kaohsiung First University of Science and Technology, Kaohsiung, Taiwan ROC

autor

Teng J. T.

• Department of Marketing and Management Sciences, The William Paterson University of New Jersey, Wayne, New Jersey, USA

Bibliografia

• [1] CHUNG, K. J. (2008) Comments on the EOQ model under retailer partial trade credit policy in the supply chain. International Journal of Production Economics, 114, 308-312.
• [2] HUANG, Y. F. and HSU, K. H. (2008) An EOQ model under retailer partial trade credit policy in the supply chain. International Journal of Production Economics, 112, 655-664.