Modern business environment focuses on improving the operational efficiency of supplier, retailer and customers through integrating their inventory. Although a smoothly running integrated inventory system is ideal, the reality is to deal with imperfectness in transportation. In actual production environments, inventory items are not perfect and defectiveness occurs in random process.  In this p...

In this paper we study the coordination of the two-echelon supply chain using credit and quantity discount options. We determine the retail price, order quantity for the buyer, and the setup frequency, credit period for the supplier in four different scenarios (with or without coordination and with or without credit option). And we suggest a policy that incorporates both quantity discount and c...

This paper develops an inventory model for non deteriorating items with time dependent demand rate of production with constant inflation rate. In this model shortages are not allowed, the effect of inflation rate and delay in payments are discussed. In the study mathematical models are also derived under two different cases, i.e. Case-I the credit period is less than or equal to the cycle time ...

In this study, an EOQ (Economic Order Quantity) inventory mathematical model is constructed for a deteriorating item having time dependent demand when delay in payment is permissible. The deterioration rate is assumed to be a constant and the time varying demand rate is taken to be an exponential declining function of time. Mathematical models are also derived under two different circumstances,...

In this paper, we consider a supply chain which consists of a single manufacturer and a single retailer with a single product type. Demand is assumed to be dependent on the retailer's stock level. Without coordination, the retailer determines its order quantity to maximize its own profit, which is usually smaller than the manufacturer's economic production quantity. Three coordination policies ...

Using a regime switching framework we investigate the determinants of default clustering. We find that a common credit cycle, modeled as a two-state Markov chain, can account for a large portion of default correlations, with the residual clustering being captured by a factor structure. During credit crunches default rates increase, and so does the conditional residual correlation. Using data fo...

Trade credit is a crucial source of capital particularly for small businesses with limited financing opportunities. Inventory models considering trade have been widely studied. However, while there extensive research on the single-vendor single-buyer inventory model allowing delays in payments, systems where vendor supplies to more than one buyer received less attention. In this paper, we analy...

This study investigates the impact of monetary policy on balance of payments (BOP) adjustment in Nigeria within the periods, 1980-2015. The study used the bound testing approach to show the relationship that exists among monetary policy variables (money supply, domestic credit, inflation and exchange rate), output growth, and trade balance and BOP adjustment in Nigeria. The study shows that the...

99 Abstract— In this proposed research, we developed a deterministic inventory model for price dependent demand with time varying holding cost and trade credit under deteriorating environment, supplier offers a credit limit to the customer during whom there is no interest charged, but upon the expiry of the prescribed time limit, the supplier will charge some interest. However, the customer has...