OPTIMAL ORDERING POLICY UNDER ACCEPTANCE SAMPLING PLAN AND TRADE CREDIT FINANCING

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TSAO Y.C.

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Journal Paper

Paper Information

Journal: Scientia Iranica Year:2010 | Volume:17 | Issue:2 (TRANSACTION E: INDUSTRIAL ENGINEERING) Page(s): 120-128

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Information Journal Paper

Title

OPTIMAL ORDERING POLICY UNDER ACCEPTANCE SAMPLING PLAN AND TRADE CREDIT FINANCING

Author(s)

TSAO Y.C. | Issue Writer Certificate

Keywords

ORDERING

INVENTORY

ACCEPTANCE SAMPLING PLAN

TRADE CREDIT

OPTIMIZATION

Abstract

Acceptance of sampling plans and TRADE CREDIT has become increasingly common in today's business. These two issues should be considered simultaneously when determining an ORDERING decision. This paper uses EOQ to model the decision under the ACCEPTANCE SAMPLING PLAN and TRADE CREDIT; meaning, how often it would be necessary to order to minimize the total related cost. We develop theorems based on optimum lemmas to solve the problem. Computational analyses are given to illustrate the solution procedures and we discuss the inuence of credit period, ACCEPTANCE SAMPLING PLAN, holding cost and ORDERING cost on the total cost, and the ORDERING decision. We conclude with a computational analysis that leads to a variety of managerial insights.

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APA: Copy

TSAO, Y.C.. (2010). OPTIMAL ORDERING POLICY UNDER ACCEPTANCE SAMPLING PLAN AND TRADE CREDIT FINANCING. SCIENTIA IRANICA, 17(2 (TRANSACTION E: INDUSTRIAL ENGINEERING)), 120-128. SID. https://sid.ir/paper/290022/en

Vancouver: Copy

TSAO Y.C.. OPTIMAL ORDERING POLICY UNDER ACCEPTANCE SAMPLING PLAN AND TRADE CREDIT FINANCING. SCIENTIA IRANICA[Internet]. 2010;17(2 (TRANSACTION E: INDUSTRIAL ENGINEERING)):120-128. Available from: https://sid.ir/paper/290022/en

IEEE: Copy

Y.C. TSAO, “OPTIMAL ORDERING POLICY UNDER ACCEPTANCE SAMPLING PLAN AND TRADE CREDIT FINANCING,” SCIENTIA IRANICA, vol. 17, no. 2 (TRANSACTION E: INDUSTRIAL ENGINEERING), pp. 120–128, 2010, [Online]. Available: https://sid.ir/paper/290022/en

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