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

DOI10.1080/09720510.2010.10701528zbMATH Open1211.90073OpenAlexW2320087525MaRDI QIDQ2997904FDOQ2997904

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

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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)

Cited In (5)

• Optimal material ordering policy and allocation rule for a manufacturer making multiple products
• 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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