Development of Identical Delivery Quantity Model in Inventory Management with Delayed Payments based on Bank Interest Rates and Murabaha Systems

1st International Postgraduate Conference on Mechanical Engineering

工业技术（总论）;机械制造

Faishal, M.^1 ; Saleh, C.^2

Fakultas Teknologi Industri, Universitas Ahmad Dahlan, Jalan Prof. Dr. Soepomo S.H., Warungboto Yogyakarta

55164, Indonesia^1

Fakultas Teknologi Industri, Universitas Islam Ndonesia, Jalan Kaliurang km 14.5, Sleman Yogyakarta

55584, Indonesia^2

关键词: Conventional schemes;    Developed model;    International markets;    Inventory costs;    Inventory management;    Quality product;    Quantity models;    Supporting factors;   

Others  :  https://iopscience.iop.org/article/10.1088/1757-899X/469/1/012115/pdf
DOI  :  10.1088/1757-899X/469/1/012115

学科分类：工业工程学

来源: IOP

【 摘 要 】

To compete in international market, companies must produce better quality products with minimum cost. In order to achieve it, one of the supporting factors is a good and efficient inventory management among company and its distributions. For paying system in the inventory management, the companies are using syari'at and conventional scheme. Identical Delivery Quantity (IDQ) model was employed, to calculate minimum inventory cost for both company and its distributors that are mutually coordinated and collaborated. This model was developed by considering four different interest rates in the credit scheme, such as annuities, flat rate, sliding rate, and murabaha. The objective is to calculate total inventory cost for both company and its distributors with the credit schemes as the payment method. Numerical example of a real case was applied in the developed models. It shows that the murabahah is cheaper than another interest rates and it is more applicable in real system to calculate inventory cost with credit scheme as the payment method.