An EPQ-based inventory model for exponentially deteriorating items under retailer partial trade credit policy in supply chain

2012 ◽  
Vol 39 (3) ◽  
pp. 3537-3550 ◽  
Author(s):  
Gour Chandra Mahata
Keyword(s):  
Supply Chain ◽  
Trade Credit ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Credit Policy ◽  
Partial Trade Credit

scholarly journals Study of Inventory Model for Deteriorating Items With Exponential Demand Function

2016 ◽  
Vol 34 ◽  
pp. 89-100
Author(s):  
Manik Mondal ◽  
Mohammed Forhad Uddin ◽  
Kazi Anowar Hussain
Keyword(s):  
Opportunity Cost ◽  
Demand Function ◽  
Trade Credit ◽  
Unit Cost ◽  
Inventory Model ◽  
Deteriorating Items ◽  
Bisection Method ◽  
Credit Policy ◽  
Deterioration Rate ◽  
Linear Demand

This paper develops an inventory model for deteriorating items consisting the ordering cost, unit cost, opportunity cost, deterioration cost and shortage cost. In this inventory model instead of linear demand function nonlinear exponential function of time for deteriorating items with deterioration rate has been considered. The formulated model has numerically solved by bisection method. The effects of inflation and cash flow are also taken into account under a trade-credit policy of discount with time. In order to validate the model, numerical examples have been solved by bisection method using Matlab. Further, the sensitivity of different parameters is considered in order to estimate the cash flow.GANIT J. Bangladesh Math. Soc.Vol. 34 (2014) 89-100

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