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Supply Chain Inventory Model for Time Dependent Deteriorating Items, Variable Holding Cost and Trade Credit

Published on March 2013 by N. Rajeswari, K. Indirani
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International Conference on Innovation in Communication, Information and Computing 2013
Foundation of Computer Science USA
ICICIC2013 - Number 2
March 2013
Authors: N. Rajeswari, K. Indirani
9879f500-351b-4a9c-b0da-f3fff19d123c

N. Rajeswari, K. Indirani . Supply Chain Inventory Model for Time Dependent Deteriorating Items, Variable Holding Cost and Trade Credit. International Conference on Innovation in Communication, Information and Computing 2013. ICICIC2013, 2 (March 2013), 23-26.

@article{
author = { N. Rajeswari, K. Indirani },
title = { Supply Chain Inventory Model for Time Dependent Deteriorating Items, Variable Holding Cost and Trade Credit },
journal = { International Conference on Innovation in Communication, Information and Computing 2013 },
issue_date = { March 2013 },
volume = { ICICIC2013 },
number = { 2 },
month = { March },
year = { 2013 },
issn = 0975-8887,
pages = { 23-26 },
numpages = 4,
url = { /proceedings/icicic2013/number2/11295-1355/ },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Proceeding Article
%1 International Conference on Innovation in Communication, Information and Computing 2013
%A N. Rajeswari
%A K. Indirani
%T Supply Chain Inventory Model for Time Dependent Deteriorating Items, Variable Holding Cost and Trade Credit
%J International Conference on Innovation in Communication, Information and Computing 2013
%@ 0975-8887
%V ICICIC2013
%N 2
%P 23-26
%D 2013
%I International Journal of Computer Applications
Abstract

The objective of this paper is to formulate and determine the optimal replenishment policy for a retailer's EOQ model with time dependent deterioration and variable holding cost. Here two levels of trade credit policies in which the supplier offers the retailer a permissible delay period and the retailer in turn provides a maximal trade credit period to their customers in a supply chain system are considered. Some results have been developed to determine the optimal ordering policies for the retailer. These results help the retailer to take appropriate inventory decisions. A numerical example is used to highlight the application of the EOQ model. Sensitivity analysis of the optimal solution with respect to major parameters is carried out.

References
  1. S. K. Goyal,1985, Economic order quantity under conditions of permissible delay in payment, Journal of the Operational Research Society, 36, 335–338.
  2. Chand. P and ward. J, 1987, A note on economic order quan-tity under conditions of permissible delay in payment, Journal of operational research society,38, 83–84.
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  5. Y. F. Huang, 2007, Optimal retailer's replenishment deci-sions in the EPQ model under two levels of trade credit pol-icy, European Journal of Operational Research, 176, 1577–1591.
  6. Mahata, G. C. and Mahata, P. 2009, Optimal retailer's order-ing policies in the EOQ model for deteriorating items under trade credit financing in supply chain, International Journal of Mathematical, Physical and Engineering Sciences3 (1), 1–7.
  7. Hou, K. L. and Lin, L. C. ,2009, A cash flow oriented EOQ model with deteriorating items under permissible delay in payments, Journal of Applied Sciences, 9(9), 1791–1794.
  8. Jui-Jung Liao and Kun-Jen Chung, 2009, An EOQ model for deterioration items under trade Credit policy in a supply chain system, Journal of the Operations Research Society of Japan 52(1), 46–57.
  9. Chandra K. Jaggi, Mona Verma and AmrinaKausar, 2011 Customer Based Two Stage Credit Policies In A Supply-Chain, Proceedings of the 2011 International Conference on Industrial Engineering and Operations Management Kuala Lumpur, Malaysia, January 22–24.
Index Terms

Computer Science
Information Sciences

Keywords

Time Dependent Deteriorating Items Eoq Variable Holding Cost Trade Credit Permissible Delay In Payments Supply Chain