A review on inventory models under trade credit (Q2204340)

Summary: 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.