The purpose of this study is two-fold. The first is to consider supplier’s and retailer’s trade-credit policy for fixed lifetime products and the second is to extend Mahata’s 2012 model with time varying deterioration where Mahata (Expert Syst Appl 39(3): 3537–3550, 2012) wrote exponential deterioration but actually he considered constant deterioration. We assume that the suppliers offer full trade-credit to retailers but retailers offer partial trade-credit to their customers. Some numerical examples along with graphical representations are given to illustrate the model.
Bibliographical noteFunding Information:
The authors would like to thank the reviewers for their very helpful comments to improve the paper. This work was supported by the research fund of Hanyang University (HY-2014-N, Project number 201400000002202) for new Faculty members.
© Springer Science+Business Media New York 2014.
All Science Journal Classification (ASJC) codes
- Decision Sciences(all)
- Management Science and Operations Research