Chen, Sheng-Chih; Teng, Jinn-Tsair - In: European Journal of Operational Research 243 (2015) 2, pp. 566-575
In today's competitive markets, most firms in United Kingdom and United States offer their products on trade credit to stimulate sales and reduce inventory. Trade credit is calculated based on time value of money on the purchase cost (i.e., discounted cash flow analysis). Recently, many...