The retailer's optimal decision on order quantity and credit periods under two-level trade credit policy.
Fei HuCheng-Chew LimZudi LuPublished in: J. Glob. Optim. (2015)
Keyphrases
- order quantity
- service level
- economic order quantity
- ordering policy
- decision variables
- optimal policy
- stochastic demand
- standard deviation
- lead time
- batch size
- inventory systems
- planning horizon
- finite horizon
- decision problems
- single period
- lost sales
- single stage
- sensitivity analysis
- single item
- decision making
- inventory level
- dynamic programming
- optimal strategy
- single product
- multistage
- raw material
- lower bound
- ordering cost
- multi item
- expected cost