You can search our database using more advanced options!

Sign In |

New User? Sign Up

Page Options

font size

Inside JIEI

EDITORIAL BOARD

Editorial board members' detail

ARCHIVE

The archive of journal

FAQ

Frequently Asked Questions

Order Issue

Name
Email

Volume 7, Vol. 7, No. 15, 01 Nov 2011

Paper Type: Original Research Paper

Subjects: Sub Subject

Inventory model with composed shortage and permissible delay in payment linked to order quantity

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.

Authors: Mohammad Bameni Moghadam , Hesam Saiedy

Keywords: Inventory; Backlogged; Lost sale; Permissible delay in payment

References:

More about this Paper

Reviewed Before : No

Reviewed Magazines and Sites:

Related Papers

Assembly line balancing to minimize balancing loss and system loss

A redundancy allocation problem with the choice of redundancy strategies by a memetic algorithm

Fuzzy completion time for alternative stochastic networks

A profit Malmquist productivity index

A graphical instrument for performance analysis of contractors

Yard crane scheduling in port container terminals using genetic algorithm

Dynamic modeling to determine production strategies in order to maximize net present worth in small and medium size companies

Determining maintenance system requirements by viewpoint of availability and lean thinking: A MODM approach

Development of simulation model for performance evaluation of feed water system in a typical thermal power plant

A fuzzy reliability model for series-parallel systems

Customer lifetime value model in an online toy store

An MCDM-DEA approach for technology selection

Steady state behavior and maintenance planning of bleaching system in a paper plant

Non-discretionary imprecise data in efficiency Measurement

A new approach for constraining failure probability of a critical deteriorating system Yard crane scheduling in port container terminals using genetic algorithm

The improvement of the performance of the emergency department: Application of simulation model and multiple criteria decision method

A fuzzy random multi-objective approach for portfolio selection

Maintenance management decision model for preventive maintenance strategy on production equipment

A genetic algorithm approach for problem

B2B electronic market analysis using game theory

A neuro-fuzzy approach to vehicular traffic flow prediction for a metropolis in a developing country

Solving a bi-objective project capital budgeting problem using a fuzzy multi-dimensional knapsack

Flexible flowshop scheduling with equal number of unrelated parallel machines

A new heuristic method based on CPM in SALBP

Car paint thickness control using artificial neural network and regression method

Scheduling of flexible manufacturing systems using genetic algorithm: A heuristic approach

The effect of supply network configuration on occurring chaotic behavior in the retailer’s inventory

Fostering product development using combination of QFD and ANP: A case study

Two-machine robotic cell considering different loading and unloading times

A multi agent method for cell formation with uncertain situation, based on information theory

Supplier selection using compromise ranking and outranking methods

Determination constructs validity of an agile organization model by using factor analysis

Quantitative models for determining prices in a remanufacturing system with exclusive and competitive market structure

A full ranking method using integrated DEA models and its application to modify GA for finding Pareto optimal solution of MOP problem

Supplier selection in supply chain management with disruption risk and credit period concepts

A modified elite ACO based avoiding premature convergence for travelling salesmen problem

A hybrid computational intelligence model for foreign exchange rate forecasting

ORE extraction and blending optimization model in poly- metallic open PIT mines by chance constrained one-sided goal programming

Considering undesirable variables in PCA-DEA method: a case of road safety evaluation in Iran