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| A Retail Category Inventory Management Model Integrating Entropic Order Quantity and Trade Credit Financing
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Full
text: |
 PDF(124.5KB) |
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Source |
International Journal of Scientific and Statistical Computing (IJSSC) |
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Table of Contents |
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Download
Complete Issue PDF(1018.11KB) |
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Volume: 1 Issue: 2 |
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Pages: NULL |
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Publication
Date: January / February |
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ISSN
(Online): 2180-1339 |
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Pages |
27 - 39 |
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Author(s) |
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Published
Date |
08-02-2011 |
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Publisher |
CSC
Journals, Kuala Lumpur,
Malaysia |
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ADDITIONAL
INFORMATION |
| Keywords Abstract References Cited by Related Articles Collaborative
Colleague |
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KEYWORDS: Discounted cash-flow, trade credit, entropy cost |
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| This Manuscript is indexed in the following databases/websites:- |
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| 1. Google Scholar |
| 2. Google Scholar |
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| A retail category inventory management model that considers the interplay of entropic product assortment and trade credit financing is presented. Specifically, the proposed model takes into consideration of key factors like discounted cash flow. Therefore, to incorporate the concept of supplier-retailer integration and order size dependent trade credit, we established a stylized model to determine the optimal strategy for an integrated supplier-retailer inventory system under the condition of trade credit financing and is entropy type demand.
This paper demonstrates that the optimal solution is flexible enough to accommodate the supplier retail relationship under a perfect trade credit understanding without significantly deviating from the main goal at increasing sales revenue of supplier and retailer. Finally numerical examples are used to illustrate the theoretical results followed by the insights into a lot of managerial inputs.
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| Pradip Kumar Tripathy : Colleagues
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| S. Pradhan : Colleagues
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