An effective inventory policy with order frequency discounts

Jose Antonio Ventura, Brian Q. Rieksts, Yale T. Herer

Research output: Contribution to conferencePaperpeer-review

Abstract

We consider a single-warehouse multi-retailer inventory system in which discounts on the purchasing cost based on order frequency are given to the warehouse. A model with assumptions analogous to the EOQ environment is developed for all-unit order frequency discounts. A 94% effective power-of-two policy for a variable base planning period is derived.

Original languageEnglish (US)
StatePublished - Dec 1 2006
Event2006 IIE Annual Conference and Exposition - Orlando, FL, United States
Duration: May 20 2006May 24 2006

Other

Other2006 IIE Annual Conference and Exposition
CountryUnited States
CityOrlando, FL
Period5/20/065/24/06

All Science Journal Classification (ASJC) codes

  • Industrial and Manufacturing Engineering

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