The concept of advanced sustainable inventory management, where demand pattern stock level and advertising dependent under trade-credit policy is taking account in this present study. Optimal credit period and cycle time are the main objective of this advanced system. A developed solution methodology is derived to show the existence of global optimality under optimum credit period and cycle time. The main concern of this advanced system is to maximize the annual total system profit of retailer with finite replenishment rate. Numerical illustration are carry forward for different cases to prove the stainability along with real impact of this model. Sensitive analysis for the key parameters is discussed in sensitivity analysis section along with some real managerial insights.
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DOI : 10.1051/ro/2020067
Keywords: Sustainable inventory management, advertisement cost, permissible delay-in-payments, shortages, trade-credit policy
@article{RO_2021__55_1_261_0,
author = {Mandal, Buddhadev and Dey, Bikash Koli and Khanra, Sudhansu and Sarkar, Biswajit},
title = {Advance sustainable inventory management through advertisement and trade-credit policy},
journal = {RAIRO. Operations Research},
pages = {261--284},
year = {2021},
publisher = {EDP-Sciences},
volume = {55},
number = {1},
doi = {10.1051/ro/2020067},
mrnumber = {4234136},
language = {en},
url = {https://www.numdam.org/articles/10.1051/ro/2020067/}
}
TY - JOUR AU - Mandal, Buddhadev AU - Dey, Bikash Koli AU - Khanra, Sudhansu AU - Sarkar, Biswajit TI - Advance sustainable inventory management through advertisement and trade-credit policy JO - RAIRO. Operations Research PY - 2021 SP - 261 EP - 284 VL - 55 IS - 1 PB - EDP-Sciences UR - https://www.numdam.org/articles/10.1051/ro/2020067/ DO - 10.1051/ro/2020067 LA - en ID - RO_2021__55_1_261_0 ER -
%0 Journal Article %A Mandal, Buddhadev %A Dey, Bikash Koli %A Khanra, Sudhansu %A Sarkar, Biswajit %T Advance sustainable inventory management through advertisement and trade-credit policy %J RAIRO. Operations Research %D 2021 %P 261-284 %V 55 %N 1 %I EDP-Sciences %U https://www.numdam.org/articles/10.1051/ro/2020067/ %R 10.1051/ro/2020067 %G en %F RO_2021__55_1_261_0
Mandal, Buddhadev; Dey, Bikash Koli; Khanra, Sudhansu; Sarkar, Biswajit. Advance sustainable inventory management through advertisement and trade-credit policy. RAIRO. Operations Research, Tome 55 (2021) no. 1, pp. 261-284. doi: 10.1051/ro/2020067
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