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The simplified solution procedure for the EOQ model under cash discount and trade credit

Huang and Chung [Asia-Pacific Journal of Operational Research Vol. 20 (2003), pp. 177–190] 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).