Soni, Hardik N - In: International Journal of Production Economics 146 (2013) 1, pp. 259-268
This study is motivated by the paper of Chang et al. [International Journal of Production Economics 123 (2010) 62–68]. We extend their inventory model from two aspects. (1) The demand rate as multivariate function of price and level of inventory (2) Delay in payment is permissible. Under these...