Technical Note—Managing Inventory for Firms with Trade Credit and Deficit Penalty

References

• Aberdeen Group (2009) Inventory management: 3 keys to freeing working capital. Benchmark report, Aberdeen Group, Boston.Google Scholar
• Aviv Y (2007) On the benefits of collaborative forecasting partnerships between retailers and manufacturers. Management Sci. 53(5):777–794.Link, Google Scholar
• Bendavid I, Herer Y, Yücesan E (2017) Inventory management under working capital constraints. J. Simulation 11(1):62–74.Crossref, Google Scholar
• Beranek W (1967) Financial implications of lot-size inventory models. Management Sci. 13(8):B401–B408.Link, Google Scholar
• Chao X, Chen J, Wang S (2008) Dynamic inventory management with cash flow constraints. Naval Res. Logist. 55(8):758–768.Crossref, Google Scholar
• Cuñat V (2007) Trade credit: Suppliers as debt collectors and insurance providers. Rev. Financial Stud. 20(2):491–527.Crossref, Google Scholar
• Cuñat V, Garcia-Appendini E (2012) Trade credit and its role in entrepreneurial finance. Cumming D, ed. Oxford Handbook of Entrepreneurial Finance (Oxford University Press, New York), 526–557.Google Scholar
• Fabbri D, Klapper L (2009) Trade credit and the supply chain. Working paper, University of Amsterdam, Amsterdam.Google Scholar
• Gallagher T, Andrew J (2007) Working capital policy. Financial Management: Principles and Practice (Freeload Press, St. Paul, MN), 478–499.Google Scholar
• Guedes J, Mateus C (2009) Trade credit linkages along a supply chain: evidence for the Italian textile sector. Working paper, Universidade Catolica Portuguesa, Lisbon, Portugal.Google Scholar
• Gupta D, Wang L (2009) A stochastic inventory model with trade credit. Manufacturing Service Oper. Management 11(1):4–18.Link, Google Scholar
• Haley W, Higgins R (1973) Inventory policy and trade credit financing. Management Sci. 20(4):464–471.Link, Google Scholar
• Heyman D, Sobel M (1984) Stochastic Models in Operations Research, vol. 2 (McGraw-Hill, New York).Google Scholar
• International Trade Centre (2009) How to Access Trade Credit: A Guide to Explore SMEs (International Trade Centre, Geneva).Google Scholar
• Katehakis MN, Melamed B, Shi J (2016) Cash-flow based dynamic inventory management. Production Oper. Management 25(9):1558–1575.Crossref, Google Scholar
• Klapper L, Laeven L, Rajan R (2012) Trade credit contract. Rev. Financial Stud. 25(3):838–867.Crossref, Google Scholar
• Klonowski D (2014) Strategic Entrepreneurial Finance: From Value Creation to Realization (Routledge, New York).Crossref, Google Scholar
• Li L, Shubik M, Sobel M (2013) Control of dividends, capital subscriptions, and physical inventories. Management Sci. 59(5):1107–1124.Link, Google Scholar
• Long M, Malitz I, Ravid S (1993) Trade credit, quality guarantees, and product marketability. Financial Management 22(4):117–127.Crossref, Google Scholar
• Luo W, Shang K (2015) Joint inventory and cash management for multi-divisional supply chains. Oper. Res. 63(5):1098–1116.Link, Google Scholar
• Maddah B, Jaber M, Abboud N (2004) Periodic review (s,S) inventory model with permissible delay in payments. J. Oper. Res. Soc. 55(2):147–159.Crossref, Google Scholar
• Modigliani F, Miller M (1958) The cost of capital, corporation finance and the theory of investment. Amer. Econom. Rev. 48(3):261–297.Google Scholar
• Ng C, Smith J, Smith R (1999) Evidence on the determinants of credit terms used in interfirm trade. J. Finance 54(3):1109–1129.Crossref, Google Scholar
• Pass C, Pike R (1984) An overview of working capital management and corporate financing. Managerial Finance 10(3):1–11.Crossref, Google Scholar
• Porteus E (2002) Foundations of Stochastic Inventory Theory (Stanford University Press, Stanford, CA).Crossref, Google Scholar
• Ross S, Westerfield R, Jaffe J (1996) Corporate Finance, 4th ed. (McGraw-Hill/Irwin, New York).Google Scholar
• Schiff M, Lieber Z (1974) A model for the integration of credit and inventory management. J. Finance 29(1):133–140.Crossref, Google Scholar