Joint Decision for Price Competitive Inventory Model with Time-Price and Credit Period Dependent Demand

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Author(s): Nita H. Shah (Gujarat University, India)
Copyright: 2017
Pages: 12
Source title: Handbook of Research on Advanced Data Mining Techniques and Applications for Business Intelligence
Source Author(s)/Editor(s): Shrawan Kumar Trivedi (BML Munjal University, India), Shubhamoy Dey (Indian Institute of Management, Indore, India), Anil Kumar (BML Munjal University, India)and Tapan Kumar Panda (Jindal Global Business School, India)
DOI: 10.4018/978-1-5225-2031-3.ch020

Keywords: Business & Management / Business Information Systems / Business Intelligence / Business Science Reference

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Abstract

The problem analyzes a supply chain comprised of two front-runner retailers and one supplier. The retailers' offer customers delay in payments to settle the accounts against the purchases which is received by the supplier. The market demand of the retailer depends on time, retail price and a credit period offered to the customers with that of the other retailer. The supplier gives items with same wholesale price and credit period to the retailers. The joint and independent decisions are analyzed and validated numerically.

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Joint Decision for Price Competitive Inventory Model with Time-Price and Credit Period Dependent Demand

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