Title: A review on inventory models under trade credit

Authors: Sunil Kawale; Yogita Sanas

Addresses: Department of Statistics, Dr. Babasaheb Ambedkar Marathwada University, Aurangabad 431001, Maharashtra, India ' Department of Mathematics and Statistics, L.D. Sonawane College, Kalyan 421301, Maharashtra, India

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.

Keywords: inventory; trade credit; factors related to trade credit.

DOI: 10.1504/IJMOR.2017.087744

International Journal of Mathematics in Operational Research, 2017 Vol.11 No.4, pp.520 - 543

Available online: 26 Oct 2017 *

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