Abstract
In this paper we develop an integrated inventory model with imperfect production and inspection process under two-level trade credit strategy. We assume both manufacturer and retailer adopt the marketing strategy of transactions on credit. Consumers' demand is affected by the length of credit period provided by retailer. The impact of imperfect production quality and inspection errors is incorporated in this paper. Mathematical models have been derived for obtaining the optimal solution so that the annual total profit is maximized. A numerical example is given to illustrate the results developed in this paper.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
