A generalized lot size ordering policy for price increases (Q1113789)
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scientific article; zbMATH DE number 4081257
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | A generalized lot size ordering policy for price increases |
scientific article; zbMATH DE number 4081257 |
Statements
A generalized lot size ordering policy for price increases (English)
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1988
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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.
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price increase
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optimal ordering policy
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total cost model
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purchasing strategies
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