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A. Jamal, B. Sarker and S. Wang, “An Ordering Policy for Deteriorating Items with Allowable Shortage and Permissible Delay in Payment,” Journal of Operational Research Society, Vol. 48, No. 8, 1997, pp. 826-833.

has been cited by the following article:

• TITLE: Optimal Policy for EOQ Model with Two Level of Trade Credits in One Replenishment Cycle

  AUTHORS: Amit Sharma, Ruchi Goel, Naresh Kumar Dua

  KEYWORDS: EOQ Model; Inventory; Two Levels of Trade Credit, Replenishment Cycle

  JOURNAL NAME: American Journal of Operations Research, Vol.2 No.1, March 14, 2012

  ABSTRACT: In general, a supplier/retailer frequently offer trade credit to stimulate their respective sales. The main purpose of this paper is to investigate the optimal supplier/retailer’s replenishment decisions under two levels of trade credit policy within the economic order quantity (EOQ) framework. This paper deals with the supplier/retailer’s inventory replenishment problem under two levels of trade credit in one replenishment cycle. A different approach of two levels of trade credit is used, which give more freedom to the supplier/retailer in business. In addition, the easy-to-use procedure is developed to efficiently find the optimal cycle time for the retailer under minimizing annual total relevant cost. Finally, a numerical example is given to illustrate these results.