Optimal Payment Time for a Retailer Under Two Levels of Delay of Payment
The retailer is usually allowed a permissible credit period to pay back the dues without paying any interest to the wholesaler,and the customer is usually allowed a permissible credit period to pay back the dues without paying any interest to the retailer too.In this problem the retailer can pay the wholesaler either at permissible delay fixed by the wholesaler in sealing the account or later,the customer can pay the retailer either at permissible delay fixed by the retailer in sealing the account or later too.This research develops a model for optimal payment time for a retailer under the condition of two levels of delay of payment.The model is solved through the total revenue and cost function,indicate that the retailer has always an option to pay after the permissible credit period depending on interest rates,purchase and selling price,and the deterioration rate of the products.The research provides a theoretic basis for retailers to make the optimal time of payment.
delay payment cash discount retailer
HU Cuihong
Southwest University of Science and Technologe,Enterprise Management Institute,library Mianyang ,Sichuan,China,621010
国际会议
The 3rd International Conference on Logistics and Supply Chain Management 2010(第三届物流与供应链管理国际研讨会)
长沙
英文
8-14
2010-07-18（万方平台首次上网日期，不代表论文的发表时间）