On the economic order quantity under conditions of permissible delay in payments from the viewpoint of the maximum accumulated interest

Abstract

Teng [Journal of the Operational Research Society, Vol. 53 (2002), pp. 915–918] first presents the concept of the maximum accumulated interest. The main purpose of this paper is to explore the economic order quantity under conditions of permissible delay in payments from the viewpoint of the maximum accumulated interest and compare all results obtained by this paper with those in Teng (2002). Finally, numerical examples are used to test and verify all theoretical results.