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- W3211291027 endingPage "105617" @default.
- W3211291027 startingPage "105617" @default.
- W3211291027 abstract "The classical inventory model considers that products that are produced meet specified standards. However, some products in a lot may not meet defined standards but can be sold at a discount. The variation in the quality of products may arise due to randomness in production systems. The present research explores the effects of deterioration and trade credit policy on inventory control of imperfect quality items. In the current study, the authors develop a two-warehouse based inventory control model that studies deterioration in quality and two-level trade credit. The authors analytically find the lot size that optimizes total profit per cycle. Further, the differential based calculus method is used to determine the optimal solution. To further study the behaviors and real-life applications of the proposed inventory model, a numerical case problem has been solved and performed a comprehensive analysis. The result for presented examples indicates that combining trade credit policies with imperfect quality items in the presence of deterioration leads to savings in the supply chain. The suggested inventory control model is a generalized framework as it involves several existing inventory models." @default.
- W3211291027 created "2021-11-08" @default.
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- W3211291027 date "2022-02-01" @default.
- W3211291027 modified "2023-10-02" @default.
- W3211291027 title "Retailer’s credit and inventory decisions for imperfect quality and deteriorating items under two-level trade credit" @default.
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- W3211291027 doi "https://doi.org/10.1016/j.cor.2021.105617" @default.
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