scholarly journals Application of Generalized Hukuhara derivative approach in an economic production quantity model with partial trade credit policy under fuzzy environment

2016 ◽  
Vol 3 ◽  
pp. 77-91 ◽  
Author(s):  
Pinki Majumder ◽  
Sankar Prasad Mondal ◽  
Uttam Kumar Bera ◽  
Manoranjan Maiti
Keyword(s):  
Trade Credit ◽  
Credit Policy ◽  
Hukuhara Derivative ◽  
Generalized Hukuhara Derivative ◽  
Economic Production Quantity ◽  
Fuzzy Environment ◽  
Partial Trade Credit ◽  
Economic Production ◽  
Production Quantity

scholarly journals An economic production quantity (epq) model for a deteriorating item with partial trade credit policy for price dependent demand under inflation and reliability

2020 ◽  
pp. 36-36
Author(s):  
Shaikh Akbar ◽  
Leopoldo Cárdenas-Barrón ◽  
Manna Kumar ◽  
Armando Céapedes-Mota
Keyword(s):  
Trade Credit ◽  
Research Work ◽  
Selling Price ◽  
Credit Policy ◽  
Reliability Factor ◽  
Economic Production Quantity ◽  
Partial Trade Credit ◽  
Economic Production ◽  
Production Inventory ◽  
Production Quantity

It is well-known that the production-inventory problem for deteriorating items in the supply chain is a challenge when deciding on how many products to manufacture to obtain a maximum total profit. This research work develops an economic production quantity model for a deteriorating item under partial trade credit policy considering inflation, the effect of reliability factor of a production system, and the demand depending on the price of a product whose selling price is optimized. The production- inventory model is formulated as a nonlinearly constrained optimization problem by analyzing different cases. Finally, through a numerical example, a sensitivity analysis is performed so to study the effect of different parameters, changing one parameter at a time and keeping others fixed at their original values.

scholarly journals Pemodelan Rantai Suplai Berbasis Economic Production Quantity dengan Menerapkan Kredit Perdagangan Dua Eselon

2019 ◽  
Vol 3 (1) ◽  
pp. 14
Author(s):  
Jaka Permana
Keyword(s):  
Supply Chain ◽  
Trade Credit ◽  
Risk Averse ◽  
Neutral Solution ◽  
Economic Production Quantity ◽  
Economic Production ◽  
Risk Neutral ◽  
Replenishment Policy ◽  
Production Quantity ◽  
Better Than

<p><em>Implementation of the supply chain is felt more important and very useful in today’s era  of industrialization. But in the process of supply chain encountered  various  risks that may affect the flow of the supply chain so it can not run smoothly, such as interference or imperfectness  in transportations. This research  was made to propose a mathematical model for a supply chain under the effect of unexpected disruptions  in transport. Supplier/manufacturer offers the retailer  a trade credit period t<sub>1</sub> , then the retailer offers the customer a credit with a period of t<sub>2</sub>  and finally the retailer receives the revenue from t<sub>2</sub>  ke T + t<sub>2</sub> , where T is the cycle time at the retailer.  Under this situation,  the three cases such as T ≤ t<sub>1</sub> ≤ T + t<sub>2</sub> , T ≤ T + t<sub>1</sub> ≤ t<sub>2</sub>, and  t<sub>1</sub>  ≤ t<sub>2</sub> are discussed. An EPQ (Economic Production Quantity) based model is established and retailer’s optimal replenishment policy is obtained through mathematical theorems. From the results of testing on several cases, the best solution for the two procedures has been obtained, namely between risk neutral and risk averse solutions based on the level or number of items damaged/defective. If the number of items damaged is 2 units, then solution risk neutral is far better than the risk averse solution, whereas if the number of items is damaged </em> <em>3 units, then the risk averse solution is far better than the risk neutral solution.</em></p><p class="HowToCite"> </p>

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