An optimal credit policy to increase supplier's profits with price dependent demand functions
An optimal credit policy to increase supplier's profits with price dependent demand functions
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DOI：
10.1080/09537289508930252
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发表时间：
1994
影响因子：
8.3
通讯作者：
Jun-Sik Kim;H. Hwang;S. Shinn
中科院分区：
文献类型：
--
作者：
Jun-Sik Kim;H. Hwang;S. Shinn
本文从供应商的角度出发，研究了最优信用期限的确定问题。我们假设零售商在购买供应商提供商业信用的产品时，共同确定单位零售价和订单大小，以最大化利润。研究中采用了两个应用广泛的需求函数，其中需求是零售价格的递减函数。给出了如何为供应商获得最优信用期限的方法。通过算例分析了信用期限对零售商行为的影响。
Abstract This paper deals with the problem of determining an optimal length of credit period from the perspective of supplier. We assume that a retailer jointly determines the unit retail price and order size to maximize profit when he/she purchases a product for which the supplier offers a trade credit. Two widely used demand functions are adopted for the study in which demands are decreasing functions of the retail price. A procedure is presented which shows how to achieve an optimal length of credit period for suppliers. The effects of credit period on the behaviour of retailers are also investigated using an example.