信用支付并混有现金折扣的变库存费的变质物品的EOQ模型的综述报告IntroductionInventorymanagementisanessentialfactorinensuringefficientoperationsofanybusiness.Reducingholdingandorderingcostsarecrucialtoaccomplishingthegoalofmanagingstockeffectively.Onecrucialaspectofinventorymanagementisdeterminingtheoptimalorderquantity,commonlyreferredtoastheeconomicorderquantity(EOQ).TheEOQformulaiscrucialinminimizingthetotalcostsassociatedwithinventory,includingorderingcosts,holdingcosts,andstockoutcosts.Inrecenttimes,therehasbeenashifttowardscreditpayment,andbusinessesarenowincorporatingcashdiscountsintotheirinventorymanagementmodels.Inthisreport,weaimtoreviewtheEOQmodelconsiderationswhenintegratingcreditpaymentandcashdiscountswhiledealingwithperishablegoods.EOQModelTheEOQmodelisusedininventorymanagementcontroltodeterminetheoptimalquantityofitemsthatacompanyshouldordertominimizeinventorycosts.Themodelconsiderstwoprimarycosts:orderingandholdingcosts.Orderingcostsaretheexpensesincurredtoplaceandreceiveanorderfromthesupplier,includingtransportationcosts,orderprocessingcosts,andcommunicationcosts.Ontheotherhand,holdingcostsarethecostsincurredtoholdinventoryinstock;theseinclude;handlingcosts,storagecosts,insurancecosts,andtaxes,amongothers.TheEOQmodelcanbeexpressedmathematicallyasfollows:EOQ=√(2AD/H)Where:•E:Economicorderquantity•A:Annualdemand•D:Ordercost•H:HoldingcostThismodelhelpsbusinessesdeterminetheoptimalquantityofstocktoorder,whichminimizesthetotalinventorycosts,includingholdingandorderingcosts,andalsoensuresthebusinessmeetsthecustomer'sdemands.CreditPaymentandCashDiscountsIntegrationCreditpaymentinvolvespurchasinggoodsanddelayingthepaymentuntilaspecifieddate,usually30to90days.Businessesusuallyincorporatecashdiscountsintotheirpaymentpoliciestoencouragecreditpayments.Cashdiscountsareareductionintheamountpayableforthepurchasedgoodsifpaidwithinaspecifiedperiod.Forexample,abusinessmayoffera2%discountifthecreditpaymentismadewithintendays.Integratingcreditpaymentandcashdiscountsintoinventorymanageme