| Institution: | 1. College of Business, Chung Yuan Christian University, Chung-Li, Taiwan, Republic of China
National Taiwan University of Science and Technology, Taipei, Taiwan, Republic of China;2. Department of Business Administration, Chihlee University of Technology, New Taipei City, Taiwan, Republic of China;3. Departments of Applied Mathematics and Business Administration, Chung Yuan Christian University, Chung-Li, Taiwan, Republic of China;4. Department of Applied Mathematics, Chung Yuan Christian University, Chung-Li, Taiwan, Republic of China;5. Department of Mathematics and Statistics, University of Victoria, Victoria, British Columbia, Canada |
| Abstract: | In the year 2006, Teng et al considered an appropriate economic production quantity (EPQ) model in which the manufacturer receives the supplier's trade credit and provides trade credit to the customer simultaneously. The following two payment methods were discussed by Teng et al: The main purpose of this paper is summarized below: Finally, with a view to further motivating the interested researchers for using the methodology and mathematical analytic techniques in several other contexts in the field, we have chosen to include, in Section 12, a number of related recent works in the field. |
