Manufacturer–retailer supply chain model with payment time-dependent discount factor under two-level trade credit

References

• Abad, P. L., & Jaggi, C. K. (2003). A joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive. International Journal of Production Economics, 83(2), 115–122. https://doi.org/10.1016/S0925-5273(02)00142-1
   Web of Science ®Google Scholar
• Aggarwal, S. P., & Jaggi, C. K. (1995). Ordering policies of deteriorating items under permissible delay in payments. Journal of the Operational Research Society, 46(5), 658–662. https://doi.org/10.1057/jors.1995.90
   Web of Science ®Google Scholar
• Chang, C. T., Ouyang, L. Y., Teng, J. T., Lai, K. K., & Barron L. E. C. (2019). Manufacturer's pricing and lot-sizing decisions for perishable goods under various payment terms by a discounted cash flow analysis. International Journal of Production Economics, 218(2), 83–95. https://doi.org/10.1016/j.ijpe.2019.04.039
   Google Scholar
• Chang, C. T., Wu, S. J., & Chen, L. C. (2009a). Optimal payment time with deteriorating items under inflation and permissible delay in payments. International Journal of Systems Science, 40(10), 985–993. https://doi.org/10.1080/00207720902974561
   Web of Science ®Google Scholar
• Chang, H. C., Ho, C. H., Ouyang, L. Y., & Su, C. H. (2009b). The optimal pricing and ordering policy for an integrated inventory model when trade credit linked to order quantity. Applied Mathematical Modelling, 33(7), 2978–2991. https://doi.org/10.1016/j.apm.2008.10.007
   Web of Science ®Google Scholar
• Cheng, M. C., Lou, K. R., Ouyang, L. Y., & Chiang, Y. H. (2010). The optimal ordering policy with trade credit under two different payment methods. TOP, 18(2), 413–428. https://doi.org/10.1007/s11750-008-0062-3
   Web of Science ®Google Scholar
• Chern, M. S., Pan, Q., Teng, J. T., Chan, Y. L., & Chen, S. C. (2013). Stackelberg solution in a vendor-buyer supply chain model with permissible delay in payments. International Journal of Production Economics, 144(1), 397–404. https://doi.org/10.1016/j.ijpe.2013.03.008
   Web of Science ®Google Scholar
• Diabat, A., Taleizadeh, A. A., & Lashgari, M. (2017). A lot sizing model with partial downstream delayed payment, partial upstream advance payment, and partial backordering for deteriorating items. Journal of Manufacturing Systems, 45(5), 322–342. https://doi.org/10.1016/j.jmsy.2017.04.005
   Google Scholar
• Giri, B. C., Bhattacharjee, R., & Maiti, T. (2018). Optimal payment time in a two-echelon supply chain with price-dependent demand under trade credit financing. International Journal of Systems Science: Operations & Logistics, 5(4), 374–392. https://doi.org/10.1080/23302674.2017.1336263
   Google Scholar
• Giri, B. C., Chakraborty, A., & Maiti, T. (2015). Trade credit competition between two manufacturers in a two-echelon supply chain under credit-linked retail price and market demand. International Journal of Systems Science: Operations & Logistics, 3(2), 102–113.https://doi.org/10.1080/23302674.2015.1056271
   Google Scholar
• Giri, B. C., & Maiti, T. (2013). Supply chain model with price- and trade credit-sensitive demand under two-level permissible delay in payments. International Journal of Systems Science, 44(5), 937–948. https://doi.org/10.1080/00207721.2011.649367
   Web of Science ®Google Scholar
• Giri, B. C., & Sharma, S. (2016). Optimal ordering policy for an inventory system with linearly increasing demand and allowable shortages under two levels trade credit financing. Operational Research: An International Journal, 16(1), 25–50. https://doi.org/10.1007/s12351-015-0184-y
   Google Scholar
• Goyal, S. K. (1985). Economic order quantity under conditions of permissible delay in payments. Journal of the Operational Research Society, 36(4), 335–338. https://doi.org/10.1057/jors.1985.56
   Web of Science ®Google Scholar
• Ho, C.-H. (2011). The optimal integrated inventory policy with price-and-credit-linked demand under two-level trade credit. Computers and Industrial Engineering, 60(1), 117–126. https://doi.org/10.1016/j.cie.2010.10.009
   Web of Science ®Google Scholar
• Huang, Y. F. (2007). Economic order quantity under conditionally permissible delay in payments. European Journal of Operational Research, 176(2), 911–924. https://doi.org/10.1016/j.ejor.2005.08.017
   Web of Science ®Google Scholar
• Jaggi, C. K., Goyal, S. K., & Goel, S. K. (2008). Retailer's optimal replenishment decisions with credit-linked demand under permissible delay in payments. European Journal of Operational Research, 190(1), 130–135. https://doi.org/10.1016/j.ejor.2007.05.042
   Web of Science ®Google Scholar
• Lee, C. H., & Rhee, B. D. (2011). Trade credit for supply chain coordination. European Journal of Operational Research, 214(1), 136–146. https://doi.org/10.1016/j.ejor.2011.04.004
   Web of Science ®Google Scholar
• Li, R., Chan, Y. L., Chang, C. T., & Barron, L. E. C. (2017). Pricing and lot-sizing policies for perishable products with advance-cash-credit payments by a discounted cash-flow analysis. International Journal of Production Economics, 193(2), 578–589. https://doi.org/10.1016/j.ijpe.2017.08.020
   Google Scholar
• Li, R., Liu, Y., Teng, J., & Tsao, Y. (2019). Optimal pricing, lot-sizing and backordering decisions when a seller demands an advance-cash-credit payment scheme. European Journal of Operational Research, 278(1), 283–295. https://doi.org/10.1016/j.ejor.2019.04.033
   Web of Science ®Google Scholar
• Li, R., Skouri, K., Teng, J. T., & Yang, W. G. (2018). Seller's optimal replenishment policy and payment term among advance, cash, and credit payments. International Journal of Production Economics, 197(4), 35–42. https://doi.org/10.1016/j.ijpe.2017.12.015
   Google Scholar
• Mahata, P., Mahata, G. C., & De, S. K. (2017). Optimal replenishment and credit policy in supply chain inventory model under two levels of trade credit with time- and credit-sensitive demand involving default risk. Journal of Industrial Engineering International, 14(1), 31–42. https://doi.org/10.1007/s40092-017-0208-8
   Google Scholar
• Maiti, A. K., Maiti, M. K., & Maiti, M. (2009). Inventory model with stochastic lead-time and price dependent demand incorporating advance payment. Applied Mathematical Modelling, 33(5), 2433–2443. https://doi.org/10.1016/j.apm.2008.07.024
   Web of Science ®Google Scholar
• Otrodi, F., Yaghin, R. G., & Torabi, S. A. (2019). Joint pricing and lot-sizing for a perishable item under two-level trade credit with multiple demand classes. Computers & Industrial Engineering, 127(6), 761–777. https://doi.org/10.1016/j.cie.2018.11.015
   Google Scholar
• Pal, B. (2018). Optimal production model with quality sensitive market demand, partial backlogging and permissible delay in payment. RAIRO – Operations Research, 52(2), 499–512. https://doi.org/10.1051/ro/2017068
   Web of Science ®Google Scholar
• Pal, B., Mandal, A., & Sana, S. S. (2021). Two-phase deteriorated supply chain model with variable demand and imperfect production process under two-stage credit financing. RAIRO – Operations Research, 55(2), 457–480. https://doi.org/10.1051/ro/2021008
   Web of Science ®Google Scholar
• Pal, B., Sana, S. S., & Chaudhuri, K. S. (2014). Three stage trade credit policy in a three-layer supply chain: A production-inventory model. International Journal of Systems Science, 45(9), 1844–1868. https://doi.org/10.1080/00207721.2012.757383
   Web of Science ®Google Scholar
• Pal, B., Sana, S. S., & Chaudhuri, K. S. (2016). Two-echelon competitive integrated supply chain model with price and credit period dependent demand. International Journal of Systems Science, 47(5), 995–1007. https://doi.org/10.1080/00207721.2014.911383
   Web of Science ®Google Scholar
• Pervin, M., Mahata, G. C., & Roy, S. K. (2016). An inventory model with declining demand market for deteriorating items under a trade credit policy. International Journal of Management Science and Engineering Management, 11(4), 243–251. https://doi.org/10.1080/17509653.2015.1081082
   Web of Science ®Google Scholar
• Roy, M. D., & Sana, S. S. (2021). Production rate and lot size-dependent lead time reduction strategies in a supply chain model with stochastic demand, controllable setup cost and trade-credit financing. RAIRO – Operations Research, 55(S1), 1469–1485. https://doi.org/10.1051/ro/2020060.
   Google Scholar
• Sana, S. S., & Chaudhuri, K. S. (2008). A deterministic EOQ model with delays in payments and price-discount offers. European Journal of Operational Research, 184(2), 509–533. https://doi.org/10.1016/j.ejor.2006.11.023
   Web of Science ®Google Scholar
• Shah, N. H., Jani, M. Y., & Chaudhari, U. (2018). Optimal replenishment time for retailer under partial upstream prepayment and partial downstream overdue payment for quadratic demand. Mathematical and Computer Modelling of Dynamical Systems: Methods, Tools and Applications in Engineering and Related Sciences, 24(1), 1–11. https://doi.org/10.1080/13873954.2017.1324882
   Google Scholar
• Teng, J. T., Barron, L. E. C., Chang, H. J., Wu, J., & Hu, Y. (2016). Inventory lot-size policies for deteriorating items with expiration dates and advance payments. Applied Mathematical Modelling, 40(19–20), 8605–8616. https://doi.org/10.1016/j.apm.2016.05.022
   Web of Science ®Google Scholar
• Teng, J. T., Chang, C. T., & Goyal, S. K. (2005). Optimal pricing and ordering policy under permissible delay in payments. International Journal of Production Economics, 97(2), 121–129. https://doi.org/10.1016/j.ijpe.2004.04.010
   Web of Science ®Google Scholar
• Tiwari, S., Barron, L. E. C., Goh, M., & Shaikh, A. A. (2018). Joint pricing and inventory model for deteriorating items with expiration dates and partial backlogging under two-level partial trade credits in supply chain. International Journal of Production Economics, 200(15), 16–36. https://doi.org/10.1016/j.ijpe.2018.03.006
   Google Scholar
• Tsao, Y. C., Putri, R. P. F. R., Zhang, C., & Linh, V. T. (2019). Optimal pricing and ordering policies for perishable products under advance-cash-credit payment scheme. Journal of Industrial Engineering International, 15(S1), 131–146. https://doi.org/10.1007/s40092-019-00325-z
   Google Scholar
• Wang, Y., Sun, X., & Meng, F. (2016). On the conditional and partial trade credit policy with capital constraints: A Stackelberg model. Applied Mathematical Modelling, 40(1), 1–18. https://doi.org/10.1016/j.apm.2015.04.036
   Web of Science ®Google Scholar
• Wu, C., & Zhao, Q. (2017). An uncooperative ordering policy with time-varying price and learning curve for time-varying demand under trade credit. European Journal of Industrial Engineering, 11(3), 380–402. https://doi.org/10.1504/EJIE.2017.084881
   Web of Science ®Google Scholar
• Wu, C., Zhao, Q., & Xi, M. (2017). A retailer-supplier supply chain model with trade credit default risk in a supplier-Stackelberg game. Computer and Industrial Engineering, 112(12), 568–575. https://doi.org/10.1016/j.cie.2017.03.004
   Google Scholar
• Zhang, Q., Zhang, D., Tsao, Y. C., & Luo, J. (2016). Optimal ordering policy in a two-stage supply chain with advance payment for stable supply capacity. International Journal of Production Economics, 177(July), 34–43. https://doi.org/10.1016/j.ijpe.2016.04.004
   Google Scholar
• Zhou, Y. W., & Zhou, D. (2012). Determination of the optimal trade credit policy: A supplier-Stackelberg model. Journal of the Operational Research Society, 64(7), 1030–1048. https://doi.org/10.1057/jors.2012.102
   Web of Science ®Google Scholar
• Zia, N. P., & Taleizadeh, A. A. (2015). A lot-sizing model with backordering under hybrid linked-to-order multiple advance payments and delayed payment. Transportation Research Part E: Logistics and Transportation Review, 82(October), 19–37. https://doi.org/10.1016/j.tre.2015.07.008
   Google Scholar