Inventory lot-size models under trade credits: a review

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Title:	Inventory lot-size models under trade credits: a review
Authors:	Chang, Chun-tao;Teng, Jinn-Tsair;Goyal, Suresh kumar
Contributors:	淡江大學統計學系
Keywords:	Trade credits;inventory;deteriorating items;shortages;inflation
Date:	2008-02
Issue Date:	2010-08-09 17:27:26 (UTC+8)
Publisher:	Singapore: World Scientific Publishing
Abstract:	Since the publication of the Goyal model in 1985, research on the modeling of inventory lot-size under trade credits has resulted in a body of literature. In this paper, we present a review of the advances in inventory literature under conditions of permissible delay in payments since 1985. We classify all related previous articles into five categories based on: (a) without deterioration, (b) with deterioration, (c) with allowable shortage, (d) linked to order quantity, and (e) with inflation. The motivations, extensions and weaknesses of various previous models have been discussed in brief to bring out pertinent information regarding model developments in the past two decades.
Relation:	Asia-Pacific Journal of Operational Research 25(1), pp.89-112
DOI:	10.1142/S0217595908001651
Appears in Collections:	[Graduate Institute & Department of Statistics] Journal Article

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