INVENTORY MODEL WITH COMPOSED SHORTAGE AND PERMISSIBLE DELAY IN PAYMENT LINKED TO ORDER QUANTITY

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SAIEDY HESAM; BAMANI MOGHADAM MOHAMMAD

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL Year:2011 | Volume:7 | Issue:15 Page(s): 1-7

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Information Journal Paper

Title

INVENTORY MODEL WITH COMPOSED SHORTAGE AND PERMISSIBLE DELAY IN PAYMENT LINKED TO ORDER QUANTITY

Author(s)

SAIEDY HESAM | BAMANI MOGHADAM MOHAMMAD | Issue Writer Certificate

Keywords

INVENTORY

BACKLOGGED

LOST SALE

PERMISSIBLE DELAY IN PAYMENT

Abstract

In today’s business transactions, it is frequently observed that a customer is allowed some grace period (permissible delay in payment) before settling the account with the supplier or producer.This policy is advantageous both for the supplier and customer since supplier attracts more customers and customer does not have to pay any interest during this fixed period either. In this paper, the researchers generalize Goyal’s model (1985) with permissible delays in payment depending on the ordered quantity and shortage is the combination of BACKLOGGED and LOST SALEs. The researchers then establish a proper mathematical model, and propose an algorithm to solve model easily. Finally, a numerical example is given to illustrate the algorithm and the theoretical results.

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APA: Copy

SAIEDY, HESAM, & BAMANI MOGHADAM, MOHAMMAD. (2011). INVENTORY MODEL WITH COMPOSED SHORTAGE AND PERMISSIBLE DELAY IN PAYMENT LINKED TO ORDER QUANTITY. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, 7(15), 1-7. SID. https://sid.ir/paper/309884/en

Vancouver: Copy

SAIEDY HESAM, BAMANI MOGHADAM MOHAMMAD. INVENTORY MODEL WITH COMPOSED SHORTAGE AND PERMISSIBLE DELAY IN PAYMENT LINKED TO ORDER QUANTITY. JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL[Internet]. 2011;7(15):1-7. Available from: https://sid.ir/paper/309884/en

IEEE: Copy

HESAM SAIEDY, and MOHAMMAD BAMANI MOGHADAM, “INVENTORY MODEL WITH COMPOSED SHORTAGE AND PERMISSIBLE DELAY IN PAYMENT LINKED TO ORDER QUANTITY,” JOURNAL OF INDUSTRIAL ENGINEERING INTERNATIONAL, vol. 7, no. 15, pp. 1–7, 2011, [Online]. Available: https://sid.ir/paper/309884/en

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