Inventory model for green products with payment strategy, selling price and green level dependent demand using teaching learning based optimization algorithm.

ABSTRACT: There has been a lot of research on pricing and lot-sizing practices for different payment methods; however, the majority has focused on the buyer's perspective. While accepting buyers' credit conditions positively impacts sales, requesting advance payments from purchasers tends to have a negative effect. Additionally, requiring a down payment has been found to generate interest revenue for the supplier without introducing default risk. However, extending the credit period, along with offering delayed payment options, has the potential to increase sales volume, albeit with an elevated risk of defaults. Taking these payment schemes into account, this study investigates and compares the per-unit profit for sellers across three distinct payment methods: advance payment, cash payment, and cred

SUBMITTER: Das SC 

PROVIDER: S-EPMC10847503 | biostudies-literature | 2024 Feb

REPOSITORIES: biostudies-literature