A generalized lot size ordering policy for price increases (Q1113789)
From MaRDI portal
scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A generalized lot size ordering policy for price increases |
scientific article |
Statements
A generalized lot size ordering policy for price increases (English)
0 references
1988
0 references
A method is presented for determining the optimal ordering policy when a supplier gives a prior notice to the purchaser of an increase in the unit price of the product. A total cost model is developed which incorporates the two commonly known purchasing strategies. An example is solved to illustrate the method.
0 references
price increase
0 references
optimal ordering policy
0 references
total cost model
0 references
purchasing strategies
0 references
