A dynamic quantity discount lot size model with resales

DOI10.1016/S0377-2217(87)80171-6MaRDI QIDQ1821680zbMATH OpenOpenAlexFDO

Authors Kwon-Ik Sohn, Hark-Chin Hwang

Publication date 1987

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/s0377-2217(87)80171-6

zbMATH Keywords

dynamic lot size problem

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39)

Review text

This paper deals with a dynamic lot size problem in which the unit purchasing price depends on the quantity of an order and resale of the excess is possible at the end of each period. We assume an all units discount system with a single price break point. Investigation of the properties of an optimal solution allows us to develop a dynamic programming algorithm. A problem example is solved to illustrate the algorithm.

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Cites work

• A Deterministic Multi-Period Production Planning Model with Piecewise Concave Production and Holding-Backorder Costs
• Deterministic Production Planning with Concave Costs and Capacity Constraints
• Deterministic Production Planning: Algorithms and Complexity
• Dynamic version of the economic lot size model

Cited in

(10)

• A classification of literature on determining the lot size under quantity discounts
• The stochastic lot-sizing problem with quantity discounts
• A hybrid polynomial-time algorithm for the dynamic quantity discount lot size model with resale
• Procurement strategies for lost-sales inventory systems with all-units discounts
• Polynomial-time algorithms to solve the single-item capacitated lot sizing problem with a 1-breakpoint all-units quantity discount
• Dynamic lot sizing with all-units discount and resales
• The dynamic lot size model with quantity discount
• Lot Sizes for One-Time-Only Sales
• The dynamic lot size model with quantity discount: Counterexamples and correction
• Improved algorithms for dynamic lot sizing problems with incremental discount

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