Research Article
Volume 04 Issue 2
Optimal inventory policies for Weibull deterioration under trade credit in declining market
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Abstract
Research summary
The aim of this study is to develop mathematical model for Weibull deterioration of items in inventory in declining market when the supplier offers his retailers a credit period to settle the accounts against the dues. The computational steps are explored for a retailer to determine the optimal purchase units which minimizes total inventory cost per time unit. The numerical examples are given to demonstrate the retailer’s optimal decision. A sensitivity analysis is carried out to study the variations in the optimal solution.
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Article History
Published
24 Feb 2012
How to Cite
Shah, N. H. & Raykundaliya, N.. (2012). Optimal inventory policies for Weibull deterioration under trade credit in declining market. Journal of Business and Retail Management Research, Volume 04 Issue 2.
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APA
Shah, N. H. & Raykundaliya, N.. (2012). Optimal inventory policies for Weibull deterioration under trade credit in declining market. Journal of Business and Retail Management Research, Volume 04 Issue 2.
MLA
Shah, Nita H., and Nidhi Raykundaliya. "Optimal inventory policies for Weibull deterioration under trade credit in declining market." Journal of Business and Retail Management Research, Volume 04 Issue 2, 2012.
Chicago
Nita H. Shah and Nidhi Raykundaliya. "Optimal inventory policies for Weibull deterioration under trade credit in declining market." Journal of Business and Retail Management Research Volume 04 Issue 2 (24 Feb 2012).
Harvard
Shah, N. H. & Raykundaliya, N. (2012) Optimal inventory policies for Weibull deterioration under trade credit in declining market. Journal of Business and Retail Management Research, Volume 04 Issue 2
References
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