An effective inventory policy with order frequency discounts

José A. Ventura; Brian Q. Rieksts; Yale T. Herer

An effective inventory policy with order frequency discounts

José A. Ventura, Brian Q. Rieksts, Yale T. Herer

Marcus Department of Industrial and Manufacturing Engineering

Research output: Contribution to conference › Paper › peer-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 language	English (US)
State	Published - 2006
Event	2006 IIE Annual Conference and Exposition - Orlando, FL, United States Duration: May 20 2006 → May 24 2006

Other

Other	2006 IIE Annual Conference and Exposition
Country/Territory	United States
City	Orlando, FL
Period	5/20/06 → 5/24/06

All Science Journal Classification (ASJC) codes

Industrial and Manufacturing Engineering

Cite this

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title = "An effective inventory policy with order frequency discounts",

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.",

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year = "2006",

language = "English (US)",

note = "2006 IIE Annual Conference and Exposition ; Conference date: 20-05-2006 Through 24-05-2006",

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TY - CONF

T1 - An effective inventory policy with order frequency discounts

AU - Ventura, José A.

AU - Rieksts, Brian Q.

AU - Herer, Yale T.

PY - 2006

Y1 - 2006

N2 - 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.

AB - 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.

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UR - http://www.scopus.com/inward/citedby.url?scp=36448940183&partnerID=8YFLogxK

M3 - Paper

AN - SCOPUS:36448940183

T2 - 2006 IIE Annual Conference and Exposition

Y2 - 20 May 2006 through 24 May 2006

ER -

An effective inventory policy with order frequency discounts

Abstract

Other

All Science Journal Classification (ASJC) codes

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