English, Article edition: ECONOMIC ORDER QUANTITY UNDER CONDITIONS OF A ONE-TIME-ONLY EXTENDED PERMISSIBLE DELAY PERIOD IN PAYMENTS SURESH KUMAR GOYAL; CHUN-TAO CHANG

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Physical Description
  • article
Language
  • English

Edition details

Title
  • ECONOMIC ORDER QUANTITY UNDER CONDITIONS OF A ONE-TIME-ONLY EXTENDED PERMISSIBLE DELAY PERIOD IN PAYMENTS
Author
  • SURESH KUMAR GOYAL
  • CHUN-TAO CHANG
Physical Description
  • article
Notes
  • In today's business environment, a supplier usually offers customers a permissible delay for settling outstanding account balance for the goods supplied. However, a supplier on occasion may allow this permissible delay in payments to be more than the usual during a given specified period. In this paper, we establish an appropriate model for a customer to determine its optimal special order quantity when the supplier offers a special extended permissible delay for one time only during a specified period. We then establish two theorems for a customer to find the optimal special order quantity. Finally, several numerical examples are given to illustrate the theoretical results.
  • Inventory, payment delay, special order quantity
  • RePEc:wsi:apjorx:v:25:y:2008:i:02:p:267-277
Language
  • English
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