One and Two Levels of Trade Credit Based on Discounted Cashflow and Inventory Inaccuracy and Other Modelling Related Topics :: Special Issue

Mathematics and Computer Science

Special Issue

One and Two Levels of Trade Credit Based on Discounted Cashflow and Inventory Inaccuracy and Other Modelling Related Topics

Submission Deadline: 31 May 2022
Status: Submission Closed
Lead Guest Editor: Christiana Ozokeraha

About This Special Issue

Inventory is the practice of stocking goods by manufacturers, retailers and wholesalers for future sale or use while trade credit is the purchasing of items without instantaneous payment due to offer of a credit period.

Deterministic models have to do with constant and known demand also in this case shortage will not be permitted and this can be associated with low setup costs.

Many deterministic inventory models have been formulated without trade credit or with one level of trade credit. In recent times, one of the problems of industrial and agro business is financial constraints. Government at different levels has intervened to reduce this problem by establishing industrial and agricultural banks that give loans to business men and women. However, many of those who need the loans do not have the necessary collateral security which the banks often ask for and many people find it difficult to keep the terms of agreements as regards the delay in time of payment.

From literature, it was observed that trade credit becomes an easier means of overcoming this problem hence this special issue will consider recent deterministic models in inventory under one and two levels of trade credit based on discounted cashflow and inventory inaccuracy since 1989. Finally, the significance and limitations of the study will be considered.

Aims and Scope:

Inventory
Deterministic inventory models
One level trade credit
Two levels trade credit
Discounted cashflow
Inventory inaccuracy

Lead Guest Editor

Christiana Ozokeraha

Department of Statistics, School of Applied Sciences, Delta State Polytechnic, Oghara, Nigeria

Guest Editors

Happiness Obiora-Ilouno

Department of Statistics, Nnamdi Azikiwe University, Awka, Nigeria
Andrew Tafamel

Department of Business Administration, Faculty of Social Sciences University of Benin, Benin, Nigeria
Muhammad Kaurangini

Department of Mathematics, Faculty of Physical Sciences University of Science and Technology, Wudil, Nigeria
Mfon Etuk

Department of Mathematics, Federal Polytechnic, Bida, Nigeria
Lucky Igbinosun

Department of Mathematics, Faculty of Physical Sciences University of Uyo, Uyo, Nigeria
Paul Ekoko

Department of Mathematics, Faculty of Physical Sciences, University of Benin, Benin City, Ethiopia
Augustine Osagiede

Department of Mathematics, Faculty of Physical Sciences, University of Benin, Benin City, Ethiopia
Sani Babangida

Department of Mathematics, Faculty of Physical Sciences, Ahmadu Bello University, Zaria, Ethiopia
Julian Mbegbu

Department of Statistics, Faculty of Physical Sciences, University of Benin, Benin City, Ethiopia
Henrietta Ojarikre

Department of Mathematics, Faculty of Physical Sciences, Delta State University, Abraka, Ethiopia
Virtue Ekhosuehi

Department of Mathematics, Faculty of Physical Sciences, University of Benin, Benin City, Ethiopia