Optimal trade credit and order quantity when trade credit impacts on both demand rate and default risk.
K.-R. LouW.-C. WangPublished in: J. Oper. Res. Soc. (2013)
Keyphrases
- order quantity
- economic order quantity
- service level
- lead time
- stochastic demand
- inventory management
- single period
- inventory systems
- batch size
- standard deviation
- inventory level
- ordering policy
- lost sales
- optimal policy
- optimal solution
- decision making
- expected cost
- supply chain
- single item
- single stage
- average cost
- optimal strategy
- lot sizing
- objective function