Impact of trade credit on inventory models for Weibull distribution deteriorating items with partial backlogging in two-warehouse environment

Chandra K. Jaggi*, Sunil Tiwari, Mamta Gupta

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)peer-review

8 Citations (Scopus)

Abstract

This article analyses a two-warehouse inventory system for deteriorating items under trade credit policy. In the present model, the deterioration rate of items followed Weibull distribution. Shortages are allowed and are partially backlogged. In this work, a retailer who purchases the items enjoys a fixed credit period offered by his/her supplier and, in turn, also offers a credit period to his/her customers in order to promote the competition. Several numerical examples are provided to illustrate the behaviour of the model and highlight some managerial insights.

Original languageEnglish
Pages (from-to)503-520
Number of pages18
JournalInternational Journal of Logistics Systems and Management
Volume30
Issue number4
DOIs
Publication statusPublished - 1 Apr 2018

Bibliographical note

Publisher Copyright:
© Copyright 2018 Inderscience Enterprises Ltd.

Keywords

  • Inventory
  • Partial backlogging
  • Trade credit
  • Two-warehouse
  • Weibull distribution

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