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2019 | 136 | 226-240
Article title

An Integrated Inventory Model for Deteriorating Items under Cash Discount and Permissible Delay in Payments

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EN
Abstracts
EN
Numerous studies have been undertaken to explain inventory models with different features. While findings from earlier studies have been conflicting, recent industrial-level studies indicate that multi features inventory models have a positive impact on business scenario. We propose an inventory model with integration of many real features like constant deterioration under cash discount scheme and permissible delay in payments. That is, we want to investigate the buyer’s optimal replenishment policy with quadratic demand under trade credit and cash discount to maximise joint total profit per unit time. Furthermore, numerical example and sensitivity analysis are presented to illustrate the results of the proposed model and to draw managerial insights.
Year
Volume
136
Pages
226-240
Physical description
Contributors
author
  • Department of Mathematics and Statistics, L. D. Sonawane College, Kalyan 421301, Maharashtra, India
author
  • Department of Statistics, Dr. Babasaheb Ambedkar Marathwada University, Aurangabad 431001, Maharashtra, India
  • Department of Mathematics, College of Science, University of Bahrain, Bahrain
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Document Type
article
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bwmeta1.element.psjd-0ec38395-fba8-43bb-aedd-98b48759e137
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