Abstract
This paper tries to incorporate all Huang and Chung [4], Chung and Huang [2] and Teng [7] to develop the retailer’s inventory model. That is, we want to investigate the retailer’s optimal replenishment policy with noninstantaneous receipt under trade credit, cash discount and the retailer’s unit selling price is not lower than the unit purchasing price. Mathematical models have been derived for obtaining the optimal cycle time for item so that the annual total relevant cost is minimized. One easy-to-use theorem is developed to efficiently determine the optimal cycle time for the retailer. Some previously published results of other researchers are deduced as special cases. Furthermore, numerical examples are given to illustrate the results and managerial insights are drawn.
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