Review Article

Reviewing the Literature of Inventory Models under Trade Credit Contact

Table 1

Summary of related literature for trade credits.

AuthorModelDemand typeABCDEF

Haley and Higgins [5]EOQConstant
Chapman et al. [6]EOQConstant
Goyal [7]EOQConstant
Ventura [8]EOQConstant
Dave [9]EOQConstant
Chung [10]EOQConstant
Jaggi and Aggarwal [11]EOQConstant
Aggarwal and Jaggi [12]EOQConstant
Khouja and Mehrez [13]EOQConstant
Hwang and Shinn [14]EOQPrice dependent
Jamal et al. [15]EOQConstant
Chung [16]EOQConstant
Chu et al. [17]EOQConstant
Sarker et al. [18]EOQConstant
Liao et al. [19]EOQStock dependent
Jamal et al. [20]EOQConstant
Chang and Dye [21]EOQConstant
Chung et al. [22]EOQConstant
Chang et al. [23]EOQConstant
Teng [24]EOQConstant
Ouyang et al. [25]EOQConstant
Shinn and Hwang [26]EOQPrice dependent
Abad and Jaggi [27] Noncooperative and cooperative Price dependent
Chung and Huang [28]EOQConstant
Chung and Huang [29]EPQConstant
Huang [30]EOQConstant
Chang et al. [31]EOQTime dependent
Huang and Chung [32]EOQConstant
Chung and Liao [33]EOQConstant
Chang and Teng [34]EOQConstant
Chung et al. [35]EOQConstant
Ouyang et al. [36]EOQConstant
Teng et al. [37]EOQPrice dependent
Huang [38]EOQConstant
Huang [39]EOQConstant
Teng [40]EOQConstant
Ouyang et al. [41]EOQConstant
Chung and Liao [42]EOQConstant
Huang [43]EOQConstant
Chung and Huang [44]EOQConstant
Chung and Huang [45]EOQConstant
Wu et al. [46]EOQStock dependent
Teng et al. [47]EPQPrice dependent
Chen and Ouyang [48]EOQConstant
Ouyang et al. [49]EOQConstant
Huang [50]EOQConstant
Huang [51]EPQConstant
Teng et al. [52]EOQConstant
Chung and Huang [53]EOQConstant
Goyal et al. [54]EOQConstant
Teng and Goyal [55]EOQConstant
Su et al. [56]IntegratedCredit dependent
Huang et al. [57]EPQConstant
Soni and Shah [58]EOQStock dependent
Sana and Chaudhuri [59]EOQDifferent types*
Hsu et al. [60]EOQConstant
Y.-F. Huang and H.-F. Huang [61]EPQConstant
Huang and Hsu [62]EOQConstant
Liao [63]EPQConstant
Ho et al. [64]IntegratedPrice dependent
Huang and Liao [65]EOQ Constant
Jaggi et al. [66]EOQCredit dependent
Tsao and Sheen [67]EOQPrice and time dependent
Thangam and Uthayakumar [68]EPQConstant
Tsao [69]EOQConstant
Chung [70]EOQConstant
De and Goswami [71]EOQProbabilistic
Ouyang et al. [72]EOQConstant
Chung and Huang [73]EOQConstant
Teng [74]EOQConstant
Teng and Chang [75]EPQConstant
Chang et al. [76]IntegratedPrice dependent
Chung and Liao [77]EOQConstant
Thangam and Uthayakumar [78]EPQPrice and credit dependent
Ouyang et al. [79]IntegratedPrice dependent
Teng and Goyal [80]EPQConstant
Teng et al. [81]EOQConstant
Yang [82]EOQConstant
Chen and Kang [83]IntegratedConstant
Chang et al. [84]EOQStock dependent
Ouyang et al. [85]EOQConstant
Chung [86]EPQConstant
Liao and Huang [87]EOQConstant
Zhang et al. [88]NoncooperativePrice dependent
Kreng and Tan [89]EOQConstant
Thangam and Uthayakumar [90]EOQPrice dependent
Chang et al. [91]EOQConstant
Hu and Liu [92]EPQConstant
Min et al. [93]EOQStock dependent
Chang et al. [94]EPQConstant
Feng et al. [95]EOQConstant
Jaggi and Verma [96]EOQConstant
Dye and Ouyang [97]EOQTime dependent
Ho [98]IntegratedPrice and credit linked Demand
Roy and Samanta [99]EPQConstant
Liang and Zhou [100]EOQConstant
Chung [101]EOQConstant
Tsao [102]EPQConstant
Chung and Lin [103]EOQConstant
Kreng and Tan [104]EPQConstant
Balkhi [105]EOQTime dependent
Khanra et al. [106]EOQTime dependent
Teng et al. [107]EOQStock dependent
Teng et al. [108]Integrated and noncooperative Constant
Mahata [109]EPQConstant
Arkan and Hejazi [110]Integrated and noncooperativeNormal distribution
Musa and Sani [111]EOQConstant
Lin et al. [112]IntegratedCredit dependent
Chung [113]EPQConstant
Liao et al. [114]EOQConstant
Sarkar [115]EPQStock dependent
Teng et al. [116]EOQTime dependent
Cheng et al. [117]EOQConstant
Teng and Lou [118]EOQCredit dependent
Dye [119]EOQPrice and time dependent
Chung [120]IntegratedCredit dependent
Su [121]integratedConstant
Thangam [122]EOQConstant
Soni and Patel [123]IntegratedPrice dependent
Zhong and Zhou [124]NoncooperativeConstant
Shah et al. [125]IntegratedTime and price dependent
Guchhait et al. [126]EOQStock and price dependent
Chung [127]EOQConstant
Das et al. [128]IntegratedConstant
Liao et al. [129]EOQConstant
Yang and Chang [130]EOQConstant
Feng et al. [131]EPQ Constant
Giri and Maiti [132]IntegratedPrice and credit dependent
Soni [133]EOQStock dependent
Taleizadeh et al. [134]EOQConstant
Yu [135]IntegratedPrice dependent
Zhong and Zhou [136]Integrated and noncooperative Stock dependent
Chern et al. [137]Noncooperative Credit dependent
Ouyang and Chang [138]EPQConstant
Annadurai and Uthayakumar [139]EOQCredit dependent
Teng et al. [140]EOQTime dependent
Khanra et al. [141]EOQTime dependent
Hou and Lin [142]EOQPrice and time dependent
Uthayakumar and Priyan [143]IntegratedConstant
Chiu et al. [144]IntegratedPrice dependent
Huang et al. [145]EPQConstant
Ouyang et al. [146]EOQConstant
Soni [147]EOQPrice and stock dependent
Shah et al. [148]integratedPrice dependent
Liao et al. [149]EOQConstant
He and Huang [150]EOQCredit dependent
Chuang et al. [151]IntegratedConstant
Lou and Wang [152]EPQConstant
Chung et al. [153]EOQConstant
Janková et al. [154]EOQTime dependent
Singh and Sharma [155]EPQStock dependent
Chung et al. [156]EOQConstant
Pal and Chandra [157]EOQStock dependent
Tung et al. [158]EOQConstant
Wang et al. [159]EOQCredit dependent
Molamohamadi et al. [160]EPQPrice dependent
Bhunia et al. [161]EOQConstant
Moussawi-Haidar et al. [162]Integrated (three echelons)Constant
Chern et al. [163]Noncooperative Credit dependent
Liao et al. [164]EOQConstant
Li et al. [165]EOQ (multiple retailers)Constant
Chen et al. [166]EPQConstant
Wu et al. [167]EOQPrice and stock dependent
Chen and Teng [168]EOQConstant

Constant: linear function of time, quadratic function of time, exponential function of time, stock dependent, price dependent, and price and stock dependent.
Note. Column A stands for shortage, B for deterioration, C for two-level trade credit, D for order-quantity-dependent trade credit, E for limited storage space, and F for inflation/time value of money. For the answers, for Yes and — for No.