Cheng et al. (Top, <CitationRef CitationID="CR1">2010</CitationRef>. doi:<ExternalRef> <RefSource>10.1007/s11750-08-0062-3</RefSource> <RefTarget Address="10.1007/s11750-08-0062-3" TargetType="DOI"/> </ExternalRef>) consider the optimal ordering policy with trade credit under two different payment methods. Under Assumption (5) by Cheng et al., the annual total relevant cost TRC(T) is only defined on a finite interval. However, Cheng et al. treat the...</refsource></externalref></citationref>

In practice, vendors (or sellers) often offer their buyers a fixed credit period to settle the account. The benefits of trade credit are not only to attract new buyers but also to avoid lasting price competition. On the other hand, the policy of granting a permissible delay adds not only an...