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中文摘要：
研究了需求依赖于库存及信用风险条件下，制造商的商业信用决策问题。在单个零售商和单个制造商构成的供应链中，制造商决定采取延期支付还是提前支付的商业信用政策，零售商根据制造商的信用政策确定最优的采购批量。分别给出了延期支付与提前支付政策下，零售商的订货决策和制造商的期望利润，最后利用数值算例对比了制造商在不同情形下的期望利润，进而确定其商业信用政策的选择。
英文摘要：
In this study, we focus on trade credit decision problems faced by manufacturer when the finaldemand is stock- dependent and trade credit is risky.In the supply chain consisted of a single retailer and a single manufacture, the manufacturer decides whether to take delayed payment or advanced payment as credit policy, while the retailer determines its optimal order quantity according to the credit policy provided by the manufacturer.Models of retailer＇s order quantities and manufacturer＇s expected profitsare derived under the policies of delayed payment and advanced payment, respectively. Expected profits of the manufacturerare also compared and analyzed in numerical study, thus providing the optimal choice of trade credit policy.
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