The EPQ model with deteriorating items under two levels of trade credit in a supply chain system

Pin-Shou Ting

doi:10.3934/jimo.2015.11.479

Article Contents

2015, Volume 11, Issue 2: 479-492. Doi: 10.3934/jimo.2015.11.479

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The EPQ model with deteriorating items under two levels of trade credit in a supply chain system

Pin-Shou Ting^1,

1.
Department of International Business Management, Shih Chien University, Taipei

Received: September 30, 2013

Revised: February 28, 2014

Published: March 2015

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Abstract

There are two kinds of two levels of trade credit policies addressed by Huang [15] and Teng [29], respectively. Liao [24] presents the EPQ model with deteriorating items under two-level trade credit policy from the viewpoint of Huang [15], while Chang, Teng and Chern [2] discuss the model from the viewpoint of Teng [29]. However, errors are found in the process of the modeling in Chang et al. [2]. The main purpose of this study is to improve the model of Chang et al. [2] and develop a more general EPQ inventory model. A theorem is also provided for practitioners to make right decisions.

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Mathematics Subject Classification: Primary: 90B05; Secondary: 65H05.

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References

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