In order to minimize the total cost of the retailer, an optimal replenishment cycle is studied by considering the deteriorating product, two-level trade credits, the limited storage capacity of their own warehouse and...In order to minimize the total cost of the retailer, an optimal replenishment cycle is studied by considering the deteriorating product, two-level trade credits, the limited storage capacity of their own warehouse and credit-linked order quantity simultaneously. A two-echelon supply chain model, which consists of a supplier and a retailer, is established. Then, the retailer＇s optimal replenishment cycle under all the cases are derived by using the optimization theory and method. On the basis of these, the effects of system parameters on the optimal replenishment cycle are examined by using the numerical studies. The results show that, when the retailer＇s trade credit period is longer （shorter） than the customer＇s trade credit period, the optimal replenishment cycle should he increased （decreased） as the retailer＇s trade credit period increases; if the minimum order quantity is high （low）, the optimal replenishment cycle should be increased （not changed） as the minimum order quantity increases.展开更多
This paper presents an inventory model with a constant rate of deterioration of the product,and shortages are allowed at the end of the cycle.The stock-dependent and price-sensitive demand have been considered with a ...This paper presents an inventory model with a constant rate of deterioration of the product,and shortages are allowed at the end of the cycle.The stock-dependent and price-sensitive demand have been considered with a policy of providing price discount to uplift the market demand.Preservation technology is applied to preserve the items from deterioration.The objective of this model is to maximize the total profit function by finding the optimal replenishment time,the optimal preservation technology investment and the optimal quantity.Next,we have shown that the total profit is a concave function of the replenishment time and preservation technology cost.Discount in pricing may be offered at a time of festival,season breaks down,lockdown and clearance of stock,before introducing a new product with up-gradations,etc.Numerical examples and graphical analysis are provided to explain the model.The discount policy could help any business organizations for smooth running of the business and obtain respective optimal profit.展开更多
基金The National Natural Science Foundation of China(No.71371003,71001025,71390333)
文摘In order to minimize the total cost of the retailer, an optimal replenishment cycle is studied by considering the deteriorating product, two-level trade credits, the limited storage capacity of their own warehouse and credit-linked order quantity simultaneously. A two-echelon supply chain model, which consists of a supplier and a retailer, is established. Then, the retailer＇s optimal replenishment cycle under all the cases are derived by using the optimization theory and method. On the basis of these, the effects of system parameters on the optimal replenishment cycle are examined by using the numerical studies. The results show that, when the retailer＇s trade credit period is longer （shorter） than the customer＇s trade credit period, the optimal replenishment cycle should he increased （decreased） as the retailer＇s trade credit period increases; if the minimum order quantity is high （low）, the optimal replenishment cycle should be increased （not changed） as the minimum order quantity increases.
文摘This paper presents an inventory model with a constant rate of deterioration of the product,and shortages are allowed at the end of the cycle.The stock-dependent and price-sensitive demand have been considered with a policy of providing price discount to uplift the market demand.Preservation technology is applied to preserve the items from deterioration.The objective of this model is to maximize the total profit function by finding the optimal replenishment time,the optimal preservation technology investment and the optimal quantity.Next,we have shown that the total profit is a concave function of the replenishment time and preservation technology cost.Discount in pricing may be offered at a time of festival,season breaks down,lockdown and clearance of stock,before introducing a new product with up-gradations,etc.Numerical examples and graphical analysis are provided to explain the model.The discount policy could help any business organizations for smooth running of the business and obtain respective optimal profit.
