English, Article edition: THE EFFECT OF CREDIT PERIOD ON THE OPTIMAL LOT SIZE FOR DETERIORATING ITEMS WITH TIME VARYING DEMAND AND DETERIORATION RATES HORNG-JINH CHANG; CHUNG-YUAN DYE

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Bookmark: http://trove.nla.gov.au/version/131715
Physical Description
  • article
Language
  • English

Edition details

Title
  • THE EFFECT OF CREDIT PERIOD ON THE OPTIMAL LOT SIZE FOR DETERIORATING ITEMS WITH TIME VARYING DEMAND AND DETERIORATION RATES
Author
  • HORNG-JINH CHANG
  • CHUNG-YUAN DYE
Physical Description
  • article
Notes
  • In this paper, we present an inventory model for deteriorating items with time varying demand and deterioration rates when the credit period depends on the retailer's ordering quantity. We also provide simple solution procedures for finding the optimal replenishment period and show in a rigorous way that the policy suggested is indeed optimal. Further, we use numerical examples to illustrate the model and conclude the paper with suggestions for possible future research.
  • Credit period, lot size, deteriorating items, time varying demand
  • RePEc:wsi:apjorx:v:22:y:2005:i:02:p:211-227
Language
  • English
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