Optimal payment time for a retailer under permitted delay of payment by the wholesaler

Optimal payment time for a retailer under permitted delay of payment by the wholesaler
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DOI:
10.1016/s0925-5273(99)00108-5
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发表时间:
2000-06-05
影响因子:
12
通讯作者:
Wang, SJ
Wang, SJ
中科院分区:
工程技术1区
文献类型:
--
作者:
Jamal, AMM;Sarker, BR;Wang, SJ

文献摘要

被引文献

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零售商(买方)通常被允许在一个允许的信贷期内偿还欠款,而不向批发商(供应商)支付任何利息。在这个问题中,零售商可以在信用期结束时向批发商付款,也可以在逾期未付余额上支付利息。本研究发展一个零售商的最佳周期和付款时间的零售商模型,在一个不断恶化的项目库存情况下,批发商允许一个指定的信用期,零售商支付没有惩罚。在这些条件下,这个批发商和零售商系统建模为成本最小化问题,以确定各种系统参数下的最佳付款时间。该模型通过迭代搜索过程求解,总体结果表明,零售商总是有一个选项,支付后,允许的信用期取决于利率,单位购买和销售价格,以及产品的变质率。(C)2000 Elsevier Science B.V.保留所有权利。
The retailer (buyer) is usually allowed a permissible credit period to pay back the dues without paying any interest to the wholesaler (supplier). In this problem the retailer can pay the wholesaler either at the end of credit period or later incurring interest charges on the unpaid balance for the overdue period. This research develops a retailer's model for optimal cycle and payment times for a retailer in a deteriorating;item inventory situation where a wholesaler allows a specified credit period to the retailer for payment without penalty. Under these conditions, this wholesaler-and-retailer system is modeled as a cost minimization problem to determine the optimal payment time under various system parameters. The model is solved through an iterative search procedure and the overall findings indicate that the retailer has always an option to pay after the permissible credit period depending on interest rates, unit purchase and selling price, and the deterioration rate of the products. (C) 2000 Elsevier Science B.V. All rights reserved.