Reviewing the Literature of Inventory Models under Trade Credit Contact

Zohreh Molamohamadi · Napsiah Binti Ismail · Zulkiflle Leman · Norzima Zulkifli

27 citations0/0 files storedDiscrete Dynamics in Nature and Society

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Supply Chain and Inventory Management Sustainable Supply Chain Management Working Capital and Financial Performance

Abstract

In the classical inventory models, it was assumed that the buyer pays for the purchased items as they are received from the seller. In practice, however, the seller allows the buyer to settle the account with a delay period. Such a contract has attracted the attention of many researchers and practitioners in recent years. Thus, this paper addresses the researches with delay in payment and presents pertinent information about developments and extensions of such models to provide an up-to-date review of the studies conducted since 1973 and assist in developing the future researches.

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1985Economic Order Quantity under Conditions of Permissible Delay in Payments 1995Ordering Policies of Deteriorating Items under Permissible Delay in Payments 1997An ordering policy for deteriorating items with allowable shortage and permissible delay in payment 2002On the economic order quantity under conditions of permissible delay in payments 2003Optimal retailer's ordering policies in the EOQ model under trade credit financing 2005An optimal replenishment policy for non-instantaneous deteriorating items with stock-dependent demand and partial backlogging 1997Retailer's pricing and lot sizing policy for exponentially deteriorating products under the condition of permissible delay in payments 2003A joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive

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2015Coordination of a two-level supply chain (manufacturer–retailer) with permissible delay in payments 2015Credit financing in economic ordering policies for non-instantaneous deteriorating items with price dependent demand under permissible delay in payments: A new approach 2016A Fuzzy EOQ Model with Allowable Shortage under Different Trade Credit Terms

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