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Manufacturer's optimal pricing and lot‐sizing policies under trade‐credit financing
Author(s) -
Chung KunJen,
Liao JuiJung,
Lin ShyDer,
Chuang ShengTu,
Srivastava Hari M.
Publication year - 2020
Publication title -
mathematical methods in the applied sciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.719
H-Index - 65
eISSN - 1099-1476
pISSN - 0170-4214
DOI - 10.1002/mma.6104
Subject(s) - trade credit , payment , sizing , production (economics) , field (mathematics) , section (typography) , letter of credit , operations research , economics , business , computer science , actuarial science , finance , mathematics , microeconomics , art , advertising , commercial bank , pure mathematics , visual arts
In the year 2006, Teng et al considered an appropriate economic production quantity (EPQ) model in which the manufacturer receives the supplier's trade credit and provides trade credit to the customer simultaneously. The following two payment methods were discussed by Teng et al: The main purpose of this paper is summarized below: Finally, with a view to further motivating the interested researchers for using the methodology and mathematical analytic techniques in several other contexts in the field, we have chosen to include, in Section 12, a number of related recent works in the field.