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Journal of Applied Sciences
  Year: 2004 | Volume: 4 | Issue: 3 | Page No.: 439-443
DOI: 10.3923/jas.2004.439.443
 
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A Note on Retailer`s Ordering Policy and Payment Policy under Trade Credit and Cash Discount
Yung-Fu Huang

Abstract:
In present study, the model of Huang has been modified and discussed with retailer`s ordering policy under conditions of cash discount and trade credit. Mathematical model has been modified for obtaining the optimal cycle time and optimal payment policy for item under cash discount and trade credit so that the annual total cost is minimized. Then, a theorem is provided to efficiently determine the optimal cycle time and optimal payment policy. Finally, a numerical example is solved to illustrate the results obtained.
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How to cite this article:

Yung-Fu Huang , 2004. A Note on Retailer`s Ordering Policy and Payment Policy under Trade Credit and Cash Discount. Journal of Applied Sciences, 4: 439-443.

DOI: 10.3923/jas.2004.439.443

URL: https://scialert.net/abstract/?doi=jas.2004.439.443

 
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