search query: @author Srinivasan, G. / total: 10
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| Author: | Arcelus, F. J. Srinivasan, G. |
| Title: | Delay of payments for extraordinary purchases. |
| Journal: | Journal of the Operational Research Society
1993 : AUG, VOL. 44:8, p. 785-795 |
| Index terms: | INVENTORIES OPERATIONS MANAGEMENT PRODUCTION MANAGEMENT WORKING CAPITAL |
| Language: | eng |
| Abstract: | This paper considers the problem of a vendor attempting to dispose of unanticipated inventory levels through an offer to a prospective buyer of a credit-period within which no payment is required. For each party, a decision rule is developed in the form of a feasibility range beyond which the offer is not acceptable. The interaction between the decision rules associated with each party is analysed. This includes a bargaining range of the different combinations of credit-period and extra-stock acceptable to both parties. A profit-sharing ratio is computed. |
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