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Economic Order Quantity Model with Two Levels of Delayed Payment and Bad Debt
並列摘要
The purpose of this study is to determine the optimal retailer's replenishment policies considering the customers' bad debt and delayed payment in the three-stage supply chain with the dominant retailer. The effect of bad debt is analyzed on the interest earned and interest charged to build the models of the retailer's decision in two cases. By analyzing the model, the retailer's optimal replenishment time and the optimal order quantity are obtained. Furthermore, analyze the effect of parameters on the retailer's optimal order policies. Finally, the numerical analysis is presented to demonstrate the conclusions. The results show that the delayed payment offered by the manufacturer becomes large, the retailer's optimal order cycle and the optimal order quantity increases or remains the same; When the delayed payment time offered by the retailer decreases, the retailer's optimal order cycle and the optimal order quantity increases or remains the same. When the fixed ordering cost is reduced, the retailer's optimal order cycle and the optimal order quantity decreases or remains the same. When the charged interest is greater than the earned interest, with the bad debt rate increasing, the retailer's optimal order cycle and optimal order quantity is converged to a certain value.
延伸閱讀
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