This article extends a previous Economic Order Quantity (EOQ) model with two modes of transportation, namely truckload (TL) and less than truckload (LTL) carriers, by introducing all-units and incremental quantity discount structures into the analysis. Exact algorithms are developed for each quantity discount structure to compute optimal policies for single-stage models over an infinite planning horizon.
All Science Journal Classification (ASJC) codes
- Business, Management and Accounting(all)
- Economics and Econometrics
- Management Science and Operations Research
- Industrial and Manufacturing Engineering