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An integrated inventory model under conditions of order processing cost reduction and permissible delay in payments

机译：在减少订单处理成本和允许付款延迟的情况下的集成库存模型

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This article develops an integrated inventory model to determine the optimal policy under conditions of order processing cost reduction and permissible delay in payments. Both the vendor and the buyer participate in order processing cost reduction by applying information technologies. The order processing cost can be reduced by certain expenditures and will affect lot-size decisions. Simultaneously, the existence of the credit period serves to reduce the cost of holding stock to the buyer, because it reduces the amount of capital invested in stock for the duration of the credit period. The article derives the total cost function and shows that the function possesses some kinds of convexities. A solution procedure is provided to determine the optimal order policy. Finally, numerical examples are presented to illustrate the solution procedure.
机译：本文开发了一种集成的库存模型，以在减少订单处理成本和允许的付款延迟的情况下确定最佳策略。卖方和买方都通过应用信息技术参与降低订单处理成本。订单处理成本可以通过某些支出减少，并且会影响批量决策。同时，信贷期的存在有助于减少购买者持有股票的成本，因为它减少了信贷期内股票投资的资金量。本文推导了总成本函数，并表明该函数具有某些凸性。提供了一个解决过程来确定最佳订购策略。最后，通过数值例子说明了求解过程。

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