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2012 (Vol. 4, Issue: 16)
Article Information:

Economic Order Quantity Model with Two Levels of Delayed Payment and Bad Debt

Qin Juanjuan
Corresponding Author:  Qin Juanjuan 

Key words:  Bad debt, delayed payment, EOQ, the dominant retailer, , ,
Vol. 4 , (16): 2831-2838
Submitted Accepted Published
March 30, 2012 April 23, 2012 August 15, 2012
Abstract:

The purpose of this study is to determine the optimal retailerís replenishment policies considering the customersí 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 retailerís decision in two cases. By analyzing the model, the retailerís optimal replenishment time and the optimal order quantity are obtained. Furthermore, analyze the effect of parameters on the retailerís 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.
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  Cite this Reference:
Qin Juanjuan, 2012. Economic Order Quantity Model with Two Levels of Delayed Payment and Bad Debt.  Research Journal of Applied Sciences, Engineering and Technology, 4(16): 2831-2838.
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ISSN (Online):  2040-7467
ISSN (Print):   2040-7459
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