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Goyal (1985) first established a single-item inventory model under permissible delay in payment.
At the earliest, Goyal (1985) established a single-item inventory model under permissible delay in payments when selling price equals the purchase cost.
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Liang and Zhou (2011) have derived an optimal replenishment policy for a two-warehouse inventory model under a conditionally permissible delay in payments.
(2010a, b) presented an EPQ model for deteriorating items under permissible delay in payment.
Liao ([2007]) established an EPQ model for deteriorating items under permissible delay in payments.
Bhunia and Shaikh (2015) gave an application of PSO in a two-warehouse inventory model for deteriorating item under permissible delay in payment with different inventory policies.
Bhunia et al. (2014) discussed a two-warehouse inventory model for deteriorating items under permissible delay in payment with partial backlogging.
Goyal (1985) was the first to develop an EOQ model with a constant demand under permissible delay in payment.
Again Maihami and Kamalabadi (2012a, b) have built an inventory model with noninstantaneous deteriorating items under permissible delay in payments and solved with a suitable solution procedure.
Goyal ([1985]) was the first proponent for developing an economic order quantity (EOQ) model under the conditions of permissible delay in payments.
Aggarwal and Jaggi (1995) then extended Goyal's model to allow for deteriorating items under permissible delay in payments.
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