Dual Stage Trade Credit Policy for Integrated Inventory System

Authors

  • HIMANI DEM
  • ARUN CHAUDHARY

Keywords:

production, progressive payment, lead time, shortages.

Abstract

The present study considers an integrated production inventory system of a supplier and a retailer. The proposed model explores the vendor managed strategy with the dual stage trade credit also known as progressive payment scheme, lead time and shortages. A nonlinear problem is formulated for the purpose of total profit maximization and solved using conventional global optimization method for nonlinear problem. This article can provide the managerial outline for schematizing the production strategy according to the received orders in a joint business enterprise.

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Published

2021-06-30

How to Cite

DEM, H. ., & CHAUDHARY, A. . (2021). Dual Stage Trade Credit Policy for Integrated Inventory System. The Journal of Contemporary Issues in Business and Government, 27(3), 1415–1424. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/1750

Issue

Vol. 27 No. 3 (2021): The journal of contemporary issues in business and government

Section

Articles

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