Optimal ordering and pricing decision for items following price sensitive quadratic demand under combined payment scheme

• Published in: Yugoslav Journal of Operations Research Vol. 33; no. 1; pp. 41 - 58
• Main Authors: Shaikh, Azharuddin, Mishra, Poonam, Talati, Isha
• Format: Journal Article
• Language: English
• Published: University of Belgrade 2023
• Subjects: advance-cash-credit scheme; ordering policies; price sensitive quadratic demand; trade credit

Three types of payments confront in business dealings viz. advance, cash and credit. A cash payment is ubiquitously practiced, while a credit payment scheme escalates sales and advance payment technique is implemented to avoid cancellation of orders. These are recognized as advance-cash-credit (ACC)...