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A review on inventory models under trade credit

Author

Listed:
  • Sunil Kawale
  • Yogita Sanas

Abstract

Trade credit is a regular component of market transactions. It arises when a seller allows a buyer to delay making payments for purchased goods or services. Such a contract has attracted the attention of many researchers and practitioners in recent years. In this review article, an attempt is made to present a complete up-to-date survey of published inventory literature under trade credit. 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. It is also an attempt to prepare this paper in a different view of the diagram so that new researchers can easily understand how and what is the development of inventory under trade credit? This can also be the starting point of further research.

Suggested Citation

  • Sunil Kawale & Yogita Sanas, 2017. "A review on inventory models under trade credit," International Journal of Mathematics in Operational Research, Inderscience Enterprises Ltd, vol. 11(4), pages 520-543.
    • Handle: RePEc:ids:ijmore:v:11:y:2017:i:4:p:520-543
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    Citations

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    Cited by:

    1. Kun-Jen Chung & Jui-Jung Liao & Shy-Der Lin & Sheng-Tu Chuang & Hari Mohan Srivastava, 2019. "The Inventory Model for Deteriorating Items under Conditions Involving Cash Discount and Trade Credit," Mathematics, MDPI, vol. 7(7), pages 1-20, July.
    2. Jen-Yen Lin & Ming-Jong Yao, 2020. "The joint replenishment problem with trade credits," Journal of Global Optimization, Springer, vol. 76(2), pages 347-382, February.
    3. Ata Allah Taleizadeh & Sara Tavassoli & Arijit Bhattacharya, 2020. "Inventory ordering policies for mixed sale of products under inspection policy, multiple prepayment, partial trade credit, payments linked to order quantity and full backordering," Annals of Operations Research, Springer, vol. 287(1), pages 403-437, April.

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