English, Article edition: INVENTORY LOT-SIZE MODELS UNDER TRADE CREDITS: A REVIEW CHUN-TAO CHANG; JINN-TSAIR TENG; SURESH KUMAR GOYAL

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Bookmark: http://trove.nla.gov.au/version/131589
Physical Description
  • article
Language
  • English

Edition details

Title
  • INVENTORY LOT-SIZE MODELS UNDER TRADE CREDITS: A REVIEW
Author
  • CHUN-TAO CHANG
  • JINN-TSAIR TENG
  • SURESH KUMAR GOYAL
Physical Description
  • article
Notes
  • 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.
  • Trade credits, inventory, deteriorating items, shortages, inflation
  • RePEc:wsi:apjorx:v:25:y:2008:i:01:p:89-112
Language
  • English
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