Delayed Cash Payment, Receivable and Inventory Management

Author

Chen, Jia ; Chao, Xiuli ; Wang, Shouyang

Author_Institution

Chinese Acad. of Sci., Beijing

fYear

2007

fDate

15-17 April 2007

Firstpage

105

Lastpage

110

Abstract

Current research efforts on inventory management mainly focus on operational decisions and inventory control. In this research, a framework is proposed for incorporating financial considerations including delayed cash payment, receivable into multi-period inventory models. Specifically, we characterize dynamic financial constraint that is updated periodically according to production activities. The optimal operational policy and its dependence on the financial state are studied. The paper also demonstrates the importance of firms considering delayed cash payment.

Keywords

financial management; inventory management; stock control; delayed cash payment; dynamic financial constraint; financial state; inventory control; inventory management; multiperiod inventory models; operational decisions; optimal operational policy; production activities; receivable management; Chaos; Control systems; Delay; Economic indicators; Industrial engineering; Inventory control; Inventory management; Marketing and sales; Production systems; Sufficient conditions; delayed cash payment; inventory management; receivable;

fLanguage

English

Publisher

ieee

Conference_Titel

Networking, Sensing and Control, 2007 IEEE International Conference on

Conference_Location

London

Print_ISBN

1-4244-1076-2

Electronic_ISBN

1-4244-1076-2

Type

conf

DOI

10.1109/ICNSC.2007.372941

Filename

4238972