Document Zbl 0568.90025

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Goyal, S. K.

Economic order quantity under conditions of permissible delay in payments. (English) Zbl 0568.90025

J. Oper. Res. Soc. 36, 335-339 (1985).

In this paper mathematical models have been developed for determining the economic ordering policy of an item for which the supplier allows a certain fixed period for settling the amount owed to him. As a result of permissible delay in settling the replenishment account, the economic replenishment interval and order quantity increases marginally, although the annual cost decreases considerably.

Cited in 7 Reviews

Cited in 250 Documents

MSC:

90B05

Inventory, storage, reservoirs

Keywords:

economic ordering policy; permissible delay

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