Title :
Research on the third part logistics company´s financing pricing under conditions of permissible delay in payments for exponentially deteriorating products
Author :
Yuan, Bo ; Wang, Chuanxu
Author_Institution :
Sch. of Econ. & Manage., Shanghai Maritime Univ., Shanghai, China
Abstract :
This paper set up a 3PL Company´s financing pricing model for the exponentially deteriorating products. Based on the supplier´s permission of delayed payment and the 3PL Company´s provision of inventory impawn financing service, it studied retailer´s decision-making of its optimal order quantity and 3PL Company´s optimal decision-making problem of providing the finance service. At last, a numerical example was given to analyze the effectiveness of the proposed model. It is shown that both retailer and the 3PL company can achieve their optimal goals by using the proposed model.
Keywords :
decision making; inventory management; logistics; outsourcing; pricing; retailing; exponentially deteriorating products payments; inventory impawn financing service; permissible delay; retailer decision making; third part logistics company financing pricing; Costs; Decision making; Delay; Economic indicators; Finance; Financial management; Logistics; Lot sizing; Pricing; Supply chains; Delayed Credit; Inventory Impawn Financing; Pricing; Supply Chain;
Conference_Titel :
Logistics Systems and Intelligent Management, 2010 International Conference on
Conference_Location :
Harbin
Print_ISBN :
978-1-4244-7331-1
DOI :
10.1109/ICLSIM.2010.5461060