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

MSC:
90B05 Inventory, storage, reservoirs
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