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Optimal ordering policies for a single deteriorating item with ramp-type demand rate under permissible delay in payments

Author

Listed:
  • Yan Shi
  • Zhiyong Zhang
  • Fangming Zhou
  • Yongqiang Shi

Abstract

In this paper, we assume that the supplier offers the retailer a credit period (i.e., M) and the retailer purchases a single deteriorating item from the supplier to satisfy the market demand, and shortages are not allowed. With the consideration of trade credit, we develop an inventory model for a single deteriorating item with ramp-type demand rate. Unlike the previous research, on the one hand, we consider both cases of μ≥T$ \mu \ge T $ and μ

Suggested Citation

  • Yan Shi & Zhiyong Zhang & Fangming Zhou & Yongqiang Shi, 2019. "Optimal ordering policies for a single deteriorating item with ramp-type demand rate under permissible delay in payments," Journal of the Operational Research Society, Taylor & Francis Journals, vol. 70(10), pages 1848-1868, October.
  • Handle: RePEc:taf:tjorxx:v:70:y:2019:i:10:p:1848-1868
    DOI: 10.1080/01605682.2018.1468865
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    Cited by:

    1. Yan Shi & Zhiyong Zhang & Sunil Tiwari & Zhiwen Tao, 2022. "Retailer's optimal strategy for a perishable product with increasing demand under various payment schemes," Annals of Operations Research, Springer, vol. 315(2), pages 899-929, August.
    2. Saha, Subrata & Sarkar, Biswajit & Sarkar, Mitali, 2023. "Application of improved meta-heuristic algorithms for green preservation technology management to optimize dynamical investments and replenishment strategies," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 209(C), pages 426-450.

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