The EOQ Model for Deteriorating Items with a Conditional Trade Credit Linked to Order Quantity in a Supply Chain System

The EOQ Model for Deteriorating Items with a Conditional Trade Credit Linked to Order Quantity in a Supply Chain System

For generality, we observed that some of the optimization methods lack the mathematical rigor and some of them are based on intuitive arguments which result in the solution procedures being questionable from logical viewpoints of a mathematical analysis such as those in the work by Ouyang et al. (20...

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Bibliographic Details
Main Authors: Kun-Jen Chung, Jui-Jung Liao, Hari Mohan Srivastava, Shih-Fang Lee, Shy-Der Lin
Format: Article
Language:English
Published: MDPI AG 2021-09-01
Series:Mathematics
Subjects:
inventory modeling
mathematical analytic solution procedures
economic order quantity (EOQ) model
deteriorating products
trade-credit financing
partially permissible delay in payments
Online Access:https://www.mdpi.com/2227-7390/9/18/2311

Internet

https://www.mdpi.com/2227-7390/9/18/2311

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