Ensuring feasibility in 'a generalized quantity discount pricing model to increase supplier's profits'

Publikation: Beitrag in FachzeitschriftForschungsartikelBeigetragenBegutachtung

Beitragende

  • U. Buscher - , Julius-Maximilians-Universität Würzburg (Autor:in)
  • G. Lindner - , Otto-von-Guericke-Universität Magdeburg (Autor:in)

Abstract

Lee and Rosenblatt examine ordering and quantity discount decisions for a single-vendor-single-buyer system from the perspective of the supplier. By imposing a constraint on the amount of price discount which may be offered to the purchaser they suggest a procedure for determining the optimal solution regarding the underlying planning problem. However, the proposed algorithm can end up with an infeasible solution. In this paper, we analyse the reason why this may happen and provide a fast computational procedure which simultaneously guarantees optimality and feasibility.

Details

OriginalspracheEnglisch
Seiten (von - bis)667-670
Seitenumfang4
FachzeitschriftJournal of the Operational Research Society : OR
Jahrgang55
Ausgabenummer6
PublikationsstatusVeröffentlicht - Juni 2004
Peer-Review-StatusJa
Extern publiziertJa

Externe IDs

Scopus 3042595693
ORCID /0000-0003-4711-2184/work/170104666

Schlagworte

Schlagwörter

  • Buyer-vendor coordination, Discount purchasing, Inventory, Lot-sizing model