Lou, K-R; Wang, W-C - In: Journal of the Operational Research Society 64 (2013) 10, pp. 1551-1556
In practice, to attract new buyers and to avoid lasting price competition, a seller frequently offers its buyers a permissible delay in payment (ie, trade credit). However, the policy of granting a permissible delay in payment adds an additional dimension of default risk to the seller. In...