| Optimal trade credit and order quantity when trade credit impacts on both demand rate and default risk | |
|---|---|
| 學年 | 102 |
| 學期 | 1 |
| 出版（發表）日期 | 2013-10-01 |
| 作品名稱 | Optimal trade credit and order quantity when trade credit impacts on both demand rate and default risk |
| 作品名稱（其他語言） | |
| 著者 | Lou, Kuo-Ren; Wang, Wan-Chih |
| 單位 | 淡江大學管理科學學系 |
| 出版者 | Basingstoke: Palgrave Macmillan Ltd. |
| 著錄名稱、卷期、頁數 | Journal of the Operational Research Society 64(10), pp.1551-1556 |
| 摘要 | In practice, to attract new buyers and to avoid lasting price competition, a seller frequently offers its buyers a permissible delay in payment (ie, trade credit). However, the policy of granting a permissible delay in payment adds an additional dimension of default risk to the seller. In contrast to previous researchers for finding optimal solutions to buyers, we first propose an economic order quantity model from the seller's prospective to determine its optimal trade credit and order quantity simultaneously. In addition, we incorporate the important and relevant fact that trade credit has a positive impact on demand rate but a negative impact on receiving the buyer's debt obligations. Then the necessary and sufficient conditions to obtain the seller's optimal trade credit and order quantity are derived. An algorithm to determine the seller's optimal trade credit is also proposed. Finally, we use some numerical examples to illustrate the theoretical results and to provide some managerial insights. |
| 關鍵字 | inventory; trade credit; default risk; optimization |
| 語言 | |
| ISSN | 0160-5682 |
| 期刊性質 | |
| 收錄於 | SCI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | GBR |
| 公開徵稿 | |
| 出版型式 | 電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/99127 ) |
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