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

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

Nita H. Shah
Copyright: © 2017 |Pages: 12
ISBN13: 9781522520313|ISBN10: 1522520317|EISBN13: 9781522520320
DOI: 10.4018/978-1-5225-2031-3.ch020
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MLA

Shah, Nita H. "Joint Decision for Price Competitive Inventory Model with Time-Price and Credit Period Dependent Demand." Handbook of Research on Advanced Data Mining Techniques and Applications for Business Intelligence, edited by Shrawan Kumar Trivedi, et al., IGI Global, 2017, pp. 341-352. https://doi.org/10.4018/978-1-5225-2031-3.ch020

APA

Shah, N. H. (2017). Joint Decision for Price Competitive Inventory Model with Time-Price and Credit Period Dependent Demand. In S. Trivedi, S. Dey, A. Kumar, & T. Panda (Eds.), Handbook of Research on Advanced Data Mining Techniques and Applications for Business Intelligence (pp. 341-352). IGI Global. https://doi.org/10.4018/978-1-5225-2031-3.ch020

Chicago

Shah, Nita H. "Joint Decision for Price Competitive Inventory Model with Time-Price and Credit Period Dependent Demand." In Handbook of Research on Advanced Data Mining Techniques and Applications for Business Intelligence, edited by Shrawan Kumar Trivedi, et al., 341-352. Hershey, PA: IGI Global, 2017. https://doi.org/10.4018/978-1-5225-2031-3.ch020

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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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