This paper develops an economic lot-sizing production model for deteriorating items with time dependent quadratic demand and delay in payments under two levels of trade credit policy. The trade credit policy adopted here is a two-level trade credit policy in which the supplier offers the retailer a permissible delay period M, and the retailer in turn provides customers a permissible delay perio...

In today’s fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in customer’s waiting time, loss of customer’s goodwill on retailer’s business, attractive promotional schemes ...

In this paper, an inventory model of a deteriorating item with stock and selling price dependent demand under two-level credit period has been developed. Here, the retailer enjoys a price discount if he pays normal purchase cost on or before the first level of credit period, or an interest is charged for the delay of payments. In return, retailer also offers a fixed credit period to his custome...

The development of the inventory model started when Harris introduced classic model. It was firstly published by Wilson using optimization method. He derived a mathematical equation to obtain economic order quantities. Later, this is known as Economic Order Quantity (EOQ) or Model. EOQ has some limitations. assumed that items do not have physical changes during planning period. This assumption ...

In today's fast marketing over the Internet or online, many retailers want to trade at the same time and change their marketing strategy to attract more customers. Some of the customers may decide to cancel their orders partially with a retailer due to various reasons such as increase in customer's waiting time, loss of customer's goodwill on retailer's business, and attractive promotional sche...

 In this paper, optimum procurement policy is worked out when trade credit is offered to the retailer by the supplier and demand is stock-dependent. The own warehouse (OW) capacity is limited and excess inventory is stored in rented warehouse (RW). The rented warehouse has modern infra-structure facility. Hence, the unit holding cost in rented warehouse is assumed to be higher than that in the...

A general theory is developed to analyze the efficiency and income distribution effects of a biofuel consumer tax credit and the interaction effects with a price contingent farm subsidy. Using the U.S. ethanol market as a stylized example, ethanol prices rise above the gasoline price by the amount of the tax credit. Corn farmers therefore gain directly while gasoline consumers only gain from an...

In practice, the supplier often offers the retailers a trade credit period M and the retailer in turn provides a trade credit period N to her/his customer to stimulate sales and reduce inventory. From the retailer’s perspective, granting trade credit not only increases sales and revenue but also increases opportunity cost (i.e., the capital opportunity loss during credit period) and defau...

Trade credit is generally used by businesses to obtain external funds. This article demonstrates an inventory system from the retailer’s point of view in which (1) influence trade on expanding small and their consumers focus this research, (2) on-hand follows non-instantaneous deterioration. (3) To maximize profit, demand disclosed, based not just sales price, but also cumulative demand, indica...