Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages

Due to the highly competitive marketing economy, for different kinds of products’ related suppliers confer various incentives to their respective retailers with certain terms and conditions. Even though suppliers may require advance payments before delivering their products, they incentivize the sch...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autores principales:	Avijit Duary, Subhajit Das, Md. Golam Arif, Khadijah M. Abualnaja, Md. Al-Amin Khan, M. Zakarya, Ali Akbar Shaikh
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2022
Materias:	Economic order quantity (EOQ) Deterioration Capacity constraint Partial backlogging Advance payment Delay in payment Engineering (General). Civil engineering (General) TA1-2040
Acceso en línea:	https://doaj.org/article/9dbbea9c0d044cfea16233ee94ed2152
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:9dbbea9c0d044cfea16233ee94ed2152
record_format	dspace
spelling	oai:doaj.org-article:9dbbea9c0d044cfea16233ee94ed21522021-11-20T04:56:14ZAdvance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages1110-016810.1016/j.aej.2021.06.070https://doaj.org/article/9dbbea9c0d044cfea16233ee94ed21522022-02-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S1110016821004373https://doaj.org/toc/1110-0168Due to the highly competitive marketing economy, for different kinds of products’ related suppliers confer various incentives to their respective retailers with certain terms and conditions. Even though suppliers may require advance payments before delivering their products, they incentivize the scheme by offering instant price-discounts, maybe with some other additional benefits and we have constructed an inventory-model consisting of two-warehouses mathematically with deteriorating products. In this proposed model, the suppliers offer some price-discounts for advance payments made by their retailers. As advance payments put a constraint on the capital position of the retailers, the retailers meanwhile, enjoy some delay in the final payment of the rest amount which acts as a booster for their business. A partially backlogged shortage is allowed and its rate is considered to be dependent on the duration of waiting time from the replenishment of a lot to the arrival of the next lot. Finally, a numerical example is performed for validation of the suggested model.Avijit DuarySubhajit DasMd. Golam ArifKhadijah M. AbualnajaMd. Al-Amin KhanM. ZakaryaAli Akbar ShaikhElsevierarticleEconomic order quantity (EOQ)DeteriorationCapacity constraintPartial backloggingAdvance paymentDelay in paymentEngineering (General). Civil engineering (General)TA1-2040ENAlexandria Engineering Journal, Vol 61, Iss 2, Pp 1735-1745 (2022)
institution	DOAJ
collection	DOAJ
language	EN
topic	Economic order quantity (EOQ) Deterioration Capacity constraint Partial backlogging Advance payment Delay in payment Engineering (General). Civil engineering (General) TA1-2040
spellingShingle	Economic order quantity (EOQ) Deterioration Capacity constraint Partial backlogging Advance payment Delay in payment Engineering (General). Civil engineering (General) TA1-2040 Avijit Duary Subhajit Das Md. Golam Arif Khadijah M. Abualnaja Md. Al-Amin Khan M. Zakarya Ali Akbar Shaikh Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
description	Due to the highly competitive marketing economy, for different kinds of products’ related suppliers confer various incentives to their respective retailers with certain terms and conditions. Even though suppliers may require advance payments before delivering their products, they incentivize the scheme by offering instant price-discounts, maybe with some other additional benefits and we have constructed an inventory-model consisting of two-warehouses mathematically with deteriorating products. In this proposed model, the suppliers offer some price-discounts for advance payments made by their retailers. As advance payments put a constraint on the capital position of the retailers, the retailers meanwhile, enjoy some delay in the final payment of the rest amount which acts as a booster for their business. A partially backlogged shortage is allowed and its rate is considered to be dependent on the duration of waiting time from the replenishment of a lot to the arrival of the next lot. Finally, a numerical example is performed for validation of the suggested model.
format	article
author	Avijit Duary Subhajit Das Md. Golam Arif Khadijah M. Abualnaja Md. Al-Amin Khan M. Zakarya Ali Akbar Shaikh
author_facet	Avijit Duary Subhajit Das Md. Golam Arif Khadijah M. Abualnaja Md. Al-Amin Khan M. Zakarya Ali Akbar Shaikh
author_sort	Avijit Duary
title	Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
title_short	Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
title_full	Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
title_fullStr	Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
title_full_unstemmed	Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
title_sort	advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages
publisher	Elsevier
publishDate	2022
url	https://doaj.org/article/9dbbea9c0d044cfea16233ee94ed2152
work_keys_str_mv	AT avijitduary advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages AT subhajitdas advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages AT mdgolamarif advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages AT khadijahmabualnaja advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages AT mdalaminkhan advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages AT mzakarya advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages AT aliakbarshaikh advanceanddelayinpaymentswiththepricediscountinventorymodelfordeterioratingitemsundercapacityconstraintandpartiallybackloggedshortages
_version_	1718419730831769600

Advance and delay in payments with the price-discount inventory model for deteriorating items under capacity constraint and partially backlogged shortages

Ejemplares similares