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Reviewing the literature of inventory models under trade credit contact


Citation

Molamohamadi, Zohreh and Ismail, Napsiah and Leman, Zulkiflle and Zulkifli, Norzima (2014) Reviewing the literature of inventory models under trade credit contact. Discrete Dynamics in Nature and Society, 2014. art. no. 975425. pp. 1-19. ISSN 1026-0226; ESSN: 1607-887X

Abstract / Synopsis

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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Additional Metadata

Item Type: Article
Divisions: Faculty of Engineering
DOI Number: https://doi.org/10.1155/2014/975425
Publisher: Hindawi Publishing Corporation
Keywords: Literature; Inventory models; Trade credit contact
Depositing User: Nurul Ainie Mokhtar
Date Deposited: 31 Dec 2015 12:44
Last Modified: 20 Sep 2016 13:34
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1155/2014/975425
URI: http://psasir.upm.edu.my/id/eprint/35264
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