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An EOQ model with backordering for perishable items under multiple advanced and delayed payments policies

查看全文 作  者:Prasanta Kumar [1,4]Ghosh;Amalesh Kumar [2]Manna;Jayanta Kumar [3]Dey;Samarjit [1]Kar 高影响力作者 机构地区:[1]Department of Mathematics,National Institute of Technology Durgapur,Durgapur,India;[2]Department of Mathematics,The University of Burdwan,Burdwan,India;[3]Department of Mathematics,Mahishadal Raj College,Purba Medinipur,India;[4]Department of Mathematics,Y.S.Palpara Mahavidyalaya,Purba Medinipur,India高影响力机构 出  处:《Journal of Management Analytics》索引2022年第9卷第3期,共32页高影响力期刊 摘  要:This study investigated an economic order quantity (EOQ) model with completebackorder for fixed lifetime perishable items under multiple advance and delayedpayments policies. Here, a new type of business policy is consideredwhere supplieroffers the retailer to pay a fraction of the purchasing cost before the order deliverybymultiple equal installments starting from the ordering time and the rest amountafter the delivery by multiple equal installments. Here, some theoretical results areillustrated to determine the conditions of existence and uniqueness of the optimalsolutions. A closed form solution is determined to solve the proposed model underapproximation. Some numerical examples are provided to examine the validity ofthe proposed model. Finally, sensitivity analyses are presented to obtain the effectof optimal policy and provide some managerial insights of the model. 关 键 词:INVENTORY perishable item expiry date advance payment delayed payment
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