Inventory models and trade credit: a review

Hardik N. Soni · Nita H. Shah · Chandra K. Jaggi

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

Abstract

Abstract: This article reviews the literature on quantitatively oriented approaches for determining the optimal lot-size when supplier offers credit period to the retailer to settle their account. An attempt is made to provide an up-to-date review of existing literature, concentrating on descriptions of the types of problems that have been solved and important structural results.

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References

2001Recent trends in modeling of deteriorating inventory 1985Economic Order Quantity under Conditions of Permissible Delay in Payments 1991Survey of Literature on Continuously Deteriorating Inventory Models 1995Ordering Policies of Deteriorating Items under Permissible Delay in Payments 1981A Transactions Theory of Trade Credit Use 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

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2021Retailer’s credit and inventory decisions for imperfect quality and deteriorating items under two-level trade credit 2012Optimal strategy for an integrated inventory system involving variable production and defective items under retailer partial trade credit policy 2017Inventory Modeling for Deteriorating Imperfect Quality Items with Selling Price Dependent Demand and Shortage Backordering under Credit Financing 2016Optimal Policies for Time-Varying Deteriorating Item with Preservation Technology Under Selling Price and Trade Credit Dependent Quadratic Demand in a Supply Chain

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