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Ordering policy for stock-dependent demand rate under progressive payment scheme: a comment

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  • Christoph H. Glock
  • Jörg M. Ries
  • Kurt Schwindl

Abstract

In a recent paper, Soni and Shah developed a model for finding the optimal ordering policy for a retailer facing stock-dependent demand and a supplier offering a progressive payment scheme. In this comment, we correct several errors in the formulation of the models of Soni and Shah and modify some assumptions to increase the model's applicability. Numerical examples illustrate the benefits of our modifications.

Suggested Citation

  • Christoph H. Glock & Jörg M. Ries & Kurt Schwindl, 2015. "Ordering policy for stock-dependent demand rate under progressive payment scheme: a comment," International Journal of Systems Science, Taylor & Francis Journals, vol. 46(5), pages 872-877, April.
    • Handle: RePEc:taf:tsysxx:v:46:y:2015:i:5:p:872-877
    DOI: 10.1080/00207721.2013.798446
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    Cited by:

    1. Magfura Pervin & Sankar Kumar Roy & Gerhard-Wilhelm Weber, 2018. "Analysis of inventory control model with shortage under time-dependent demand and time-varying holding cost including stochastic deterioration," Annals of Operations Research, Springer, vol. 260(1), pages 437-460, January.

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