EconPapers    
Economics at your fingertips  
 

INVENTORY LOT-SIZE MODELS UNDER TRADE CREDITS: A REVIEW

Chun-Tao Chang (chuntao@stat.tku.edu.tw), Jinn-Tsair Teng and Suresh Kumar Goyal
Additional contact information
Chun-Tao Chang: Department of Statistics, Tamkang University, Tamsui, Taipei, Taiwan 25137, Taiwan
Jinn-Tsair Teng: Department of Marketing and Management Sciences, William Paterson University of New Jersey, Wayne, New Jersey 07470-2103, USA
Suresh Kumar Goyal: Department of Decision Sciences & MIS, Concordia University Montreal, Quebec, Canada, H3G1M8, Canada

Asia-Pacific Journal of Operational Research (APJOR), 2008, vol. 25, issue 01, 89-112

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.

Keywords: Trade credits; inventory; deteriorating items; shortages; inflation (search for similar items in EconPapers)
Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217595908001651
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:apjorx:v:25:y:2008:i:01:n:s0217595908001651

Ordering information: This journal article can be ordered from
sales@wspc.com.sg

DOI: 10.1142/S0217595908001651

Access Statistics for this article

Asia-Pacific Journal of Operational Research (APJOR) is currently edited by Gongyun Zhao

More articles in Asia-Pacific Journal of Operational Research (APJOR) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim (tltai@wspc.com.sg).

 
Page updated 2024-12-29
Handle: RePEc:wsi:apjorx:v:25:y:2008:i:01:n:s0217595908001651