Please use this identifier to cite or link to this item: http://scholarbank.nus.edu.sg/handle/10635/44196
Title: Price-dependent inventory models with discount offers at random times
Authors: Goh, M. 
Sharafali, M. 
Keywords: Inventory management
Lot sizing
Pricing
Random discount offers
Issue Date: 2002
Source: Goh, M.,Sharafali, M. (2002). Price-dependent inventory models with discount offers at random times. Production and Operations Management 11 (2) : 139-156. ScholarBank@NUS Repository.
Abstract: We consider an inventory model with a supplier offering discounts to a reseller at random epochs. The offer is accepted when the inventory position is lower than a threshold level. We compare three different pricing policies in which demand is induced by the reseller's price variation. Policy 1 is the EOQ policy without discount offers. Policy 2 is a uniform price, stock-independent policy. Policy 3 is a stock level-dependent, discriminated price policy. Assuming constant demand rates, expressions are obtained for the optimal order quantities, prices, and profits. The numerical experiments show that if it is better to accept a supplier's discount, then it benefits the reseller to transfer the discount to downstream customers.
Source Title: Production and Operations Management
URI: http://scholarbank.nus.edu.sg/handle/10635/44196
ISSN: 10591478
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

Page view(s)

46
checked on Dec 8, 2017

Google ScholarTM

Check


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.