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Trade Credit Policy Between Supplier-Manufacturer-Retailer for Ameliorating/Deteriorating Items

Journal of the Operations Research Society of China 2020年第1期8卷 79-103页

作者： Vandana Rai School of Studies in Mathematics Pt.Ravishankar Shukla UniversityRaipurC.G.492010India Associated Cement Company(ACC)Jamul behind ACC Ram MandirPost-JamulDurgChhattisgarh 490024India

This paper is related to the advancement of the inventory models for ameliorating items and focused on the real-life business situation as with the time the deterioration rate of ameliorating items is *** the global world,every supply chain entities as suppliers/manufacturers/retailers want to increase the consumption of their goods without any *** this,he/she tries to lure manufacturer/retailers by offering some discounts,*** period for settling the *** problem states that the manufacturer purchases the ameliorating items from the supplier,where the supplier offers his/her credit period to settle the *** manufacturer purchases ameliorating items(like pigs,fishes,ducklings,etc.)and take those items as rawmaterial;when the livestock matures the manufacturer sells it to the retailer and offer credit time for settling the *** to propose the model is when the quantities of livestock become larger,then the manufacturer faces difficulty in maintaining all the *** such a situation,the traditional method(without offering credit period)fails to provide the maximum profit to the ***,in order to get maximum profit,the manufacturer needs some more realistic scientific outlook for making *** proposed model provides a more realistic assumption of business markets,by offering credit *** the introduced model,manufacturer faces amelioration and deterioration rate simultaneously due to the growth and the death of *** amelioration and deterioration rates are assumed as theweibull distribution *** allowed only for the retailer,which is partially *** main goal of this paper is to minimize the total relevant inventory cost for both the manufacturer and the retailers,by finding the optimal replenishment *** formulation with optimal solutions for manufacturer and retailers are *** and existence of the proposed model via numerical examp

关键词： Inventory weibull distribution deterioration weibull distribution amelioration Partial backlogging Trade credit

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