An inventory model with stock-dependent demand under trade-credit policy and fixed life-time
by Nita H. Shah; Kavita Rabari; Ekta Patel
International Journal of Procurement Management (IJPM), Vol. 14, No. 2, 2021

Abstract: In inventory management, deterioration has a great impact on total profit. To develop business strategies in competitive market, stock-dependent and price-sensitive demand rate is considered to attract more customers. The holding cost and deterioration rate are time-dependent. The product considered has fixed life-time. The model considers the trade-credit policy that is the retailer will offer a certain time period to the customers to settle the account to increase the sales during the permissible period. The objective is to maximise the total cost with respect to cycle time and selling price. The classical optimisation method is used to find the optimal solution. A sensitivity analysis of optimal solutions for different inventory parameters is carried out. The managerial insights are deduced for the retailer.

Online publication date: Mon, 08-Mar-2021

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Procurement Management (IJPM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com