Ordering policy for stock-dependent demand rate under progressive payment scheme: a comment

Glock, C.H., Ries, J.M. & Schwindl, K. (2015). Ordering policy for stock-dependent demand rate under progressive payment scheme: a comment. International Journal of Systems Science, 46(5), pp. 872-877. doi: 10.1080/00207721.2013.798446

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Abstract

In a recent paper,  Soni and Shah developed a model for finding the optimal ordering policy for a retailer facing stock-dependent demand and a supplier offering a progressive payment scheme. In this comment, we correct several errors in the formulation of the models of Soni and Shah and modify some assumptions to increase the model's applicability. Numerical examples illustrate the benefits of our modifications.

Item Type: Article
Additional Information: This is an Accepted Manuscript of an article published online by Taylor & Francis in Glock, C.H., Ries, J.M. & Schwindl, K. (2015). Ordering policy for stock-dependent demand rate under progressive payment scheme: a comment. International Journal of Systems Science, 46(5), pp. 872-877 on 22/05/2013, available online: http://www.tandfonline.com/10.1080/00207721.2013.798446.
Uncontrolled Keywords: economic order quantity (EOQ), stock-dependent demand, progressive credit periods, trade credit
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Cass Business School > Faculty of Management
URI: http://openaccess.city.ac.uk/id/eprint/17121

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