Reviewing the Literature of Inventory Models under Trade Credit Contact
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 practit...
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| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wiley
2014-01-01
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| Series: | Discrete Dynamics in Nature and Society |
| Online Access: | http://dx.doi.org/10.1155/2014/975425 |
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| _version_ | 1849414083274604544 |
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| author | Zohreh Molamohamadi Napsiah Ismail Zulkiflle Leman Norzima Zulkifli |
| author_facet | Zohreh Molamohamadi Napsiah Ismail Zulkiflle Leman Norzima Zulkifli |
| author_sort | Zohreh Molamohamadi |
| collection | DOAJ |
| description | 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. |
| format | Article |
| id | doaj-art-70d381c5e63e4e41b82dce070df61f58 |
| institution | Kabale University |
| issn | 1026-0226 1607-887X |
| language | English |
| publishDate | 2014-01-01 |
| publisher | Wiley |
| record_format | Article |
| series | Discrete Dynamics in Nature and Society |
| spelling | doaj-art-70d381c5e63e4e41b82dce070df61f582025-08-20T03:33:57ZengWileyDiscrete Dynamics in Nature and Society1026-02261607-887X2014-01-01201410.1155/2014/975425975425Reviewing the Literature of Inventory Models under Trade Credit ContactZohreh Molamohamadi0Napsiah Ismail1Zulkiflle Leman2Norzima Zulkifli3Department of Mechanical and Manufacturing Engineering, Universiti Putra Malaysia, 43300 Selangor, MalaysiaDepartment of Mechanical and Manufacturing Engineering, Universiti Putra Malaysia, 43300 Selangor, MalaysiaDepartment of Mechanical and Manufacturing Engineering, Universiti Putra Malaysia, 43300 Selangor, MalaysiaDepartment of Mechanical and Manufacturing Engineering, Universiti Putra Malaysia, 43300 Selangor, MalaysiaIn 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.http://dx.doi.org/10.1155/2014/975425 |
| spellingShingle | Zohreh Molamohamadi Napsiah Ismail Zulkiflle Leman Norzima Zulkifli Reviewing the Literature of Inventory Models under Trade Credit Contact Discrete Dynamics in Nature and Society |
| title | Reviewing the Literature of Inventory Models under Trade Credit Contact |
| title_full | Reviewing the Literature of Inventory Models under Trade Credit Contact |
| title_fullStr | Reviewing the Literature of Inventory Models under Trade Credit Contact |
| title_full_unstemmed | Reviewing the Literature of Inventory Models under Trade Credit Contact |
| title_short | Reviewing the Literature of Inventory Models under Trade Credit Contact |
| title_sort | reviewing the literature of inventory models under trade credit contact |
| url | http://dx.doi.org/10.1155/2014/975425 |
| work_keys_str_mv | AT zohrehmolamohamadi reviewingtheliteratureofinventorymodelsundertradecreditcontact AT napsiahismail reviewingtheliteratureofinventorymodelsundertradecreditcontact AT zulkiflleleman reviewingtheliteratureofinventorymodelsundertradecreditcontact AT norzimazulkifli reviewingtheliteratureofinventorymodelsundertradecreditcontact |