A synergic economic order quantity model with trade credit, shortages, imperfect quality and inspection errors

作者：Zhou, Yongwu; Chen, Chuanying^*; Li, Changwen; Zhong, Yuanguang

来源：Applied Mathematical Modelling, 2016, 40(2): 1012-1028.

DOI：10.1016/j.apm.2015.06.020

• EOQ
• Trade credit
• Shortage
• Imperfect quality
• Inspection error

This paper develops a synergic economic order quantity (EOQ) model, in which trade credit, shortages, imperfect quality and inspection errors are taken into consideration simultaneously. We prove that the objective function of annual profit is strictly concave and show the closed-form optimal solution to the model. In special cases, some related EOQ models can be derived from our model, which we illustrate with numerical examples. Managerial implications are also proposed.

• 出版日期2016-1-15
• 单位华南理工大学