| Article ID: | iaor20105180 |
| Volume: | 31 |
| Issue: | 2 |
| Start Page Number: | 439 |
| End Page Number: | 453 |
| Publication Date: | Mar 2010 |
| Journal: | Journal of Information & Optimization Sciences |
| Authors: | Lin Shy-Der, Cheng Kun-Jen |
| Keywords: | discounts, economic order |
Huang and Chung (2003) present optimal replenishment and payment policies in the EOQ model under cash discount and trade credit. They establish some theorems to characterize the optimal order cycles such that the annual total relevant cost is minimized. The main purpose of this paper is to unify those theorems and present an easy-to-use method to simplify solution procedures in Huang and Chung (2003).