Different Demand Characteristics And Credit Payment Terms Under The Perishable Product Inventory Control

In inventory managent research, the changes in demand is our foucs and the core of our study. We should use different inventory control strategy according to different demand characteristics. Credit payments is a popular menthod of delay in payments today. The seller will offer the buyer a delay period. The buyer can pick up the goods first and then pay for the seller after the credit period. This methods can ease the strain on the buyer's funds and stimulate the buyer's order. And meanwhile the seller undertake certain bad debts and defaults risks.In the inventory control of perishable goods, Consider different demand characteristics and different credit payment terms can enrich the contents of inventory optimization theory. It has practical significance in the inventory managent for enterprise and effectively allocation of the captital. This paper is under the conditions of credit payment. Different demand characteristics is the criteria of our classification and the clues of our study. So we did a further improvement and supplement for the perishable product inventory control strategy.The research contents of this paper can be concluded as follows:Determining the retailer's optimal inventory control policy when the demends associated with the marketing investment level.Determining the retailer's optimal inventory control policy when the demends associated with the credit period.Building the retailer's inventory control model under different conditions. Discussing the solving methods of the inventory control model. At last, numerical examples are given for further instructions.In summary, this paper mainly researches on different demand characteristics. Determining the retailer's optimal inventory control policy for different demand characteristics and the supplier offer different credit payments strategy. And then guiding the retailer's order and saving their operating costs.