Seller’s optimal credit period and replenishment time in a supply chain with up-stream and down-stream trade credits
學年 100
學期 2
出版(發表)日期 2012-07-01
作品名稱 Seller’s optimal credit period and replenishment time in a supply chain with up-stream and down-stream trade credits
作品名稱(其他語言)
著者 Teng, Jinn-Tsair; Lou, Kuo-Ren
單位 淡江大學管理科學學系
出版者 New York: Springer New York LLC
著錄名稱、卷期、頁數 Journal of Global Optimization 53(3), pp.417-430
摘要 In practice, a supplier often offers its retailers a permissible delay period M to settle their unpaid accounts. Likewise, a retailer in turn offers another trade credit period N to its customers. The benefits of trade credit are not only to attract new buyers who consider it a type of price reduction, but also to provide a competitive strategy other than introduce permanent price reductions. On the other hand, the policy of granting credit terms adds an additional cost to the seller as well as an additional dimension of default risk. In this paper, we first incorporate the fact that trade credit has a positive impact on demand but negative impacts on costs and default risks to establish an economic order quantity model for the seller in a supply chain with up-stream and down-stream trade credits. Then we derive the necessary and sufficient conditions to obtain the optimal replenishment time and credit period for the seller. Finally, we use some numerical examples to illustrate the theoretical results.
關鍵字 Inventory; Permissible delay; Trade credits; Seller; Finance
語言 en
ISSN 1573-2916
期刊性質 國外
收錄於 SCI
產學合作
通訊作者
審稿制度
國別 USA
公開徵稿
出版型式 電子版
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