Advance sustainable inventory management through advertisement and trade-credit policy

Buddhadev Mandal, Bikash Koli Dey, Sudhansu Khanra, Biswajit Sarkar

Research output: Contribution to journalArticlepeer-review

2 Citations (Scopus)

Abstract

The concept of advanced sustainable inventory management, where demand pattern stock level and advertising dependent under trade-credit policy is taking account in this present study. Optimal credit period and cycle time are the main objective of this advanced system. A developed solution methodology is derived to show the existence of global optimality under optimum credit period and cycle time. The main concern of this advanced system is to maximize the annual total system profit of retailer with finite replenishment rate. Numerical illustration are carry forward for different cases to prove the stainability along with real impact of this model. Sensitive analysis for the key parameters is discussed in sensitivity analysis section along with some real managerial insights.

Original languageEnglish
Pages (from-to)261-284
Number of pages24
JournalRAIRO - Operations Research
Volume55
DOIs
Publication statusPublished - 2021 Jan 1

Bibliographical note

Funding Information:
Acknowledgements. This work is supported by the National Research Foundation of Korea (NRF) grant funded by the Korea government (MSIT) (NRF - 2020R1F1A1064460).

Publisher Copyright:
© EDP Sciences, ROADEF, SMAI 2021.

All Science Journal Classification (ASJC) codes

  • Theoretical Computer Science
  • Computer Science Applications
  • Management Science and Operations Research

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