Optimal batch size and raw material ordering policy for a production system with a price-quantity discount rate

DOI10.1080/09720510.2010.10701528MaRDI QIDQ2997904zbMATH OpenOpenAlexFDO

Authors

Publication date 10 May 2011

Published in Journal of Statistics and Management Systems (Search for Journal in Brave)

Full work available at URL http://www.connectjournals.com/file_html_pdf/930006H_jsms388_1149-1163a.pdf

zbMATH Keywords

ordering policylumpy demandoptimal batch sizeprice-quantity discount rate

Mathematics Subject Classification ID

Approximation methods and heuristics in mathematical programming (90C59) Production models (90B30)

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• Purchase quantity discounts and open order rescheduling in an assemble-to-order environment: The hidden economic tradeoffs
• Raw material of step type price arrange in production plan
• An optimal batch size under a periodic delivery policy
• An integrated approach for production lot sizing and raw material purchasing

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