Chern, Maw-Sheng; Pan, Qinhua; Teng, Jinn-Tsair; Chan, … - In: International Journal of Production Economics 144 (2013) 1, pp. 397-404
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...