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

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

    Citation:

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