The aim of this study is to develop mathematical model for Weibull deterioration of items in inventory in declining market when the supplier offers his retailers a credit period to settle the accounts against the dues. The computational steps are explored for a retailer to determine the optimal...

In this paper, an attempt is made to derive the retailer's inventory policy for deteriorating items under two levels of trade credit in declining market in supply chain environment. It is assumed that the retailer is a powerful decision maker. Supplier offers credit period to the retailer which...