Partial Trade-Credit Policy of Retailer with Exponentially Deteriorating Items

Biswajit Sarkar, Sharmila Saren

Research output: Contribution to journalArticle

20 Citations (Scopus)

Abstract

This model considers the strategy that supplier offers retailer a full trade-credit policy whereas retailer offers their customers a partial trade-credit policy. For such assumption, retailer can earn more profits. In this supplier–retailer model, deterioration of products is assumed as exponential. The main purpose is to minimize the retailer’s annual total cost with finite replenishment rate. Graphical representations are given under different circumstances. The analytical derivation of the model is given to obtain the minimum cost. Some numerical examples for different cases are provided to illustrate the model.

Original languageEnglish
Pages (from-to)343-368
Number of pages26
JournalInternational Journal of Applied and Computational Mathematics
Volume1
Issue number3
DOIs
Publication statusPublished - 2015 Sep 1

Fingerprint

Trade Credit
Deteriorating Items
Partial
Graphical Representation
Costs
Deterioration
Model
Annual
Profit
Profitability
Customers
Minimise
Numerical Examples
Policy

All Science Journal Classification (ASJC) codes

  • Computational Mathematics
  • Applied Mathematics

Cite this

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Partial Trade-Credit Policy of Retailer with Exponentially Deteriorating Items. / Sarkar, Biswajit; Saren, Sharmila.

In: International Journal of Applied and Computational Mathematics, Vol. 1, No. 3, 01.09.2015, p. 343-368.

Research output: Contribution to journalArticle

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