• Dr.Kishor Y. Ingale
• Mr.Avinash D. Rajegore
• Mr.Savan B. Rathod

In earlier research, Purchase cards and inventory control: an analytical framework was conducted by A. Chandrashekar and M. Gopalakrishnan. Prod. Plan. & Cont., 2005, 16(5), 437–443), we created a framework to contrast ordering goods directly from a supplier using "purchase cards" (P-cards) with getting direct credit from the provider. In the instance of a single item, we demonstrated that there’s a critical ordering cost, below which the P-card can be utilised only in the event that the actual price of placing an order using the P-card is below this threshold amount. This paper expands on the methodology that we previously developed to determine the ideal replenishment amount for multi-item ordering when dealing with budgetary constraints, allowable payment delays, and partial payments that incur penalties. Even in cases where the interest generated exceeds the interest charged, the research suggests that it is more cost-effective for the buyer to complete all of the payments. This note more faithfully captures the truth.

partial payment; budget limit; supplier credit; multi-item EOQ

"AN ANALYTICAL FRAMEWORK WITH A BUDGET CONSTRAINT FOR THE MULTI-ITEM ECONOMIC ORDER QUANTITY MODEL WITH ALLOWABLE PAYMENT DELAYS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 6, page no.d69-d71, June-2024, Available :http://www.jetir.org/papers/JETIR2406310.pdf

"AN ANALYTICAL FRAMEWORK WITH A BUDGET CONSTRAINT FOR THE MULTI-ITEM ECONOMIC ORDER QUANTITY MODEL WITH ALLOWABLE PAYMENT DELAYS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 6, page no. ppd69-d71, June-2024, Available at : http://www.jetir.org/papers/JETIR2406310.pdf