An integrated vendor-buyer inventory model with order-processing cost reduction and permissible delay in payments

Abstract

Trade credit plays an important role in financing for many businesses and industries. For the buyers, purchased inventory can be considered to be financed in whole or in part with permissible delay in payments during the purchasing process. On the other hand, both the vendor and buyer take part in order-processing cost reduction by applying information… (More)
DOI: 10.1016/j.ejor.2009.05.035

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