Economic order quantity under trade-credit financing = 외상 구매하에서의 경제적 주문량

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This study shows, through an alternative development of the deterministic economic order quantity (EOQ) model, how the accounts payable policy affects are costs of operating the inventory system and the EOQ. By minimizing the present value of costs as a function of the investment in inventory, optimal order quantity is obtained. The optimal decision rule as to the use of cash discount or credit option is derived. Through this study, it is shown that the relationship between inventory policy and trade-credit policy in the context of basic lot size model and inventory model with known price increase. Numerical examples are given to illustrate the effect of trade-credit financing on the inventory systems.
Advisors
Park, Kyung-SooresearcherHwang, Harkresearcher박경수researcher황학researcher
Description
한국과학기술원 : 산업공학과,
Publisher
한국과학기술원
Issue Date
1983
Identifier
63797/325007 / 000811081
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 산업공학과, 1983.2, [ ii, 40 p. ]

URI
http://hdl.handle.net/10203/41112
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=63797&flag=dissertation
Appears in Collection
IE-Theses_Master(석사논문)
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