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Concurrently, Teng et al. ([2012b]) proposed an EOQ model with trade credit financing for increasing demand.
Given the above assumptions, it is possible to formulate a mathematical inventory EOQ model with trade credit financing.
Therefore, further tests in virtue of a quantile model with Trade 1 as the independent variable is needed.
(2012) and Mahata and Mahata (2014b) build the economic order quantity model with trade credit financing for time-dependent demand.
Tsao and Sheen ([2012]) have developed a multi-item supply chain model with trade credit periods and weight freight cost.
Soni et al. (2010) have reviewed an inventory model with trade credit facility from the retailer's point of view and derived a solution.
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In Table 2, we report the results of the estimated models with trade openness operationalized as trade volume.
Teng et al. ([2012a]) developed vendor-buyer inventory models with trade credit financing under a non-cooperative and integrated environments.
Teng et al. (2012a) developed vendor buyer inventory models with trade credit financing under a non-cooperative and an integrated environments.
We make use of the World Trade Model with Bilateral Trade (WTMBT) (Strømman and Duchin 2006).
The World Trade Model with Bilateral Trade (WTMBT) (Strømman and Duchin 2006) is a linear program that minimizes global factor use to satisfy consumption requirements while respecting regional factor constraints.
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