A dynamic quantity discount lot size model with resales
type: Item
instance of: scholarly article
title: A dynamic quantity discount lot size model with resales
zbMATH Open document ID: 0616.90031
DOI: 10.1016/S0377-2217(87)80171-6
author: Kwon-Ik Sohn
author: Hark-Chin Hwang
published in: European Journal of Operational Research
publication date: 1987-01-01T00:00:00Z
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.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 90C39
zbMATH DE Number: 3999641
zbMATH Keywords: dynamic lot size problem
MaRDI profile type: Publication
cites work: Deterministic Production Planning with Concave Costs and Capacity Constraints
cites work: Deterministic Production Planning: Algorithms and Complexity
cites work: A Deterministic Multi-Period Production Planning Model with Piecewise Concave Production and Holding-Backorder Costs
cites work: Dynamic version of the economic lot size model
full work available at URL: s0377-2217(87)80171-6
OpenAlex ID: W2075399426
description: scientific article; zbMATH DE number 3999641