This study introduces an inventory system with a non-instantaneous deteriorating product with credit facility and variable demand depending on the selling price. Two different selling prices are considered in the deterioration and non-deterioration periods. Shortages are partially backlogged and dependent on the length of the customers’ waiting time upto the arrival of fresh lot. Alternative trade-credit policy is applied herein, and several cases, sub-cases and situations are investigated. The corresponding optimization problems of different cases, sub-cases and situations are solved using an interval-oriented multi-section technique with the help of interval mathematics and interval order relations. A numerical example with three different credit periods is studied and solved to validate the said problem. Also, two different case studies are investigated. Then to investigate the effect of changes of several system parameters on the optimal policy, post optimality analyses are performed.
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DOI : 10.1051/ro/2021015
Keywords: Inventory, non-instantaneous deterioration, credit policy, partial backlogging
@article{RO_2021__55_2_1043_0,
author = {Shaikh, Ali Akbar and Das, Subhash Chandra and Bhunia, Asoke Kumar and Sarkar, Biswajit},
title = {Decision support system for customers during availability of trade credit financing with different pricing situations},
journal = {RAIRO. Operations Research},
pages = {1043--1061},
year = {2021},
publisher = {EDP-Sciences},
volume = {55},
number = {2},
doi = {10.1051/ro/2021015},
mrnumber = {4254324},
language = {en},
url = {https://www.numdam.org/articles/10.1051/ro/2021015/}
}
TY - JOUR AU - Shaikh, Ali Akbar AU - Das, Subhash Chandra AU - Bhunia, Asoke Kumar AU - Sarkar, Biswajit TI - Decision support system for customers during availability of trade credit financing with different pricing situations JO - RAIRO. Operations Research PY - 2021 SP - 1043 EP - 1061 VL - 55 IS - 2 PB - EDP-Sciences UR - https://www.numdam.org/articles/10.1051/ro/2021015/ DO - 10.1051/ro/2021015 LA - en ID - RO_2021__55_2_1043_0 ER -
%0 Journal Article %A Shaikh, Ali Akbar %A Das, Subhash Chandra %A Bhunia, Asoke Kumar %A Sarkar, Biswajit %T Decision support system for customers during availability of trade credit financing with different pricing situations %J RAIRO. Operations Research %D 2021 %P 1043-1061 %V 55 %N 2 %I EDP-Sciences %U https://www.numdam.org/articles/10.1051/ro/2021015/ %R 10.1051/ro/2021015 %G en %F RO_2021__55_2_1043_0
Shaikh, Ali Akbar; Das, Subhash Chandra; Bhunia, Asoke Kumar; Sarkar, Biswajit. Decision support system for customers during availability of trade credit financing with different pricing situations. RAIRO. Operations Research, Tome 55 (2021) no. 2, pp. 1043-1061. doi: 10.1051/ro/2021015
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