Table 2 Comparison between EOQ policy and inventory policy of the current paper
Characteristics | This paper’s inventory policy | Classical EOQ policy |
|---|---|---|
Demand | Constant | Constant |
Lead time | No lead time | No lead time |
Products | Multiple products | Single product |
Capacity | Limited budget Limited financing capacity | No limit |
Service | Lost sales are allowed | Product shortage is not allowed |
The unit cost of inventory | Variable (in the coordinated scenario, the unit cost of inventory is determined according to the trade credit terms) | Constant |
Time of payment | Variable from the time of product delivery to a maximum allowed limit | At the time of product delivery |