The main purpose of this paper is to investigate the retailer’s optimal cycle time and optimal payment time under the supplier’s cash discount and trade credit policy within the economic production quantity (EPQ) framework. In this paper, we assume that the retailer will provide a full trade credit to his/her good credit customers and request his/her bad credit customers pay for the items as so...

Dynamic programming has been used to solve numerous complex problems in business and engineering. This study applies dynamic programming to a retail decision-making problem related to trade credit. A price, shelf-space, and time-dependent demand function is introduced to model the finite time horizon inventory. Trade credit was considered in the model because suppliers commonly provide retailer...

An inventory model is formulated with type-2 fuzzy parameters under trade credit policy and solved by using Generalized Hukuhara derivative approach. Representing demand parameter of each expert's opinion is a membership function of type-1 and thus, this membership function again becomes fuzzy. The final opinion of all experts is expressed by a type-2 fuzzy variable. For this present problem, t...

multi-echelon inventory systems are one of the most important and attractive areas in modelling supply chain management so that several researches and studies have been done about. in this paper, the total cost function of a two-echelon inventory system with central warehouse and many identical retailers controlled by continuous review inventory policy is estimated. we have assumed the demand i...