• AN EPQ MODEL PERMITTING TWO LEVELS OF TRADE CREDIT OFFERING PRICE DISCOUNT WITH TIME
Abstract
Sugapriya and Jeyaraman (2011) discussed an EPQ model permitting two levels trade credit period without price discount. In this paper, price discount is allowed to maintain the demand. Since the price discount can be facilitated one if the production cost is known, production and demand rate is constant over an infinite planning horizon under two levels of trade credit period to determine the retailers optimal replenishment cycle time
This work is based on the investigation by Chung K.J and Huang Y.F (2003) allowing permissible delay in payments and the model developed by Huang Y.F (2004) offering the price discount.
This work is based on the investigation by Chung K.J and Huang Y.F (2003) allowing permissible delay in payments and the model developed by Huang Y.F (2004) offering the price discount.
Keywords
EPQ, Price discount, Deterioration, Trade credit, production rate, demand rate.
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