As an integrated part of a supply contract, trade credit has intrinsic connections with supply chain contracting and inventory management. Using a stylized model that explicitly captures the interaction of firms’ operations decisions and financial risks, this paper attempts to develop a deeper understanding of trade credit from an operational perspective. Revolving around the question of what r...

In this paper, a production-repairing inventory model in fuzzy rough environment is proposed incorporating inflationary effects where a part of the produced defective units are repaired and sold as fresh units. Here, production and repairing rates are assumed as dynamic control variables. Due to complexity of environment, different costs and coefficients are considered as fuzzy rough type and t...

This study introduces an inventory system with a non-instantaneous deteriorating product credit facility and variable demand depending on the selling price. Two different prices are considered in deterioration non-deterioration periods. Shortages partially backlogged dependent length of customers’ waiting time upto arrival fresh lot. Alternative trade-credit policy is applied herein, several ca...

 Normally, the real-world inventory control problems are imprecisely defined and human interventions are often required to solve these decision-making problems. In this paper, a realistic inventory model with imprecise inventory costs have been formulated for deteriorating items under trade credit policy within the economic production quantity (EPQ) framework. We assume that the supplier would...

I study the effects of inflation on the purchasing behavior of buyers in an economy where money is essential for certain transactions (as in Lagos and Wright, 2005). I show that higher inflation induces buyers to search for transactions more intensively and buy goods of worse quality to avoid holding for a prolonged period of time a fast depreciating asset like money. The standard framework fai...

Abstract: In today’s world the financial decisions of any business/retail enterprise are very crucial, as from the financial standpoint, an inventory i.e., stock on display represents a capital investment and must compete with other assets for a firm’s limited capital funds. Moreover, rising inflation rate directly affects the financial situation of an organization. On the contrary, the today’s...

In this paper, an inventory model for an item is presented with inflation and stock dependent demand under non-instantaneous deterioration without allowing shortages. In real life conditions, freshness and quality ofsome products can be maintaining Here in this inventory model we assume that some products maintain originality for some time. The necessary and sufficient conditions are used to fi...

  We discuss the effects of inflation and time discounting on an EOQ model for deteriorating items under stock-dependent demand and time-dependent partial backlogging. The inventory model is studied under the replenishment policy starting with no shortages. We then use MATLAB to find the optimal replenishment policies. The objective of this model is to maximize the total profit (TP) which inclu...

In this paper we formulate a two-stage stochastic quadratic optimization problem, that models a production planning problem of multiple products, over several time periods, with uncertain demands. This model considers quadratic inventory holding and demand backlogging recourse costs, which model the saturation phenomenon inherent to the increase of the inventory and/or backlogged demand levels....