An optimal ordering policy for a visitor-based purchasing system with stochastic delivery time and partial prepayment for profit maximization
The classical inventory control policies assume that orders are paid for at the time of their receipts, but in practice, suppliers may require retailers to pay a fraction of the purchasing cost in advance, and sometimes allow them to pay this cost in several prepayments during a predetermined period...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
EDP Sciences
2022
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |