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A dynamic quantity discount lot size model with resales

โœ Scribed by Kwon-Ik Sohn; Hark Hwang

Publisher
Elsevier Science
Year
1987
Tongue
English
Weight
281 KB
Volume
28
Category
Article
ISSN
0377-2217

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โœฆ Synopsis

This paper deals with a dynamic lot size problem in which the unit purchasing price depends on the quantity of an order and resale of the excess is possible at the end of each period. We assume an all units discount system with a single price break point. Investigation of the properties of an optimal solution allows us to develop a dynamic programming algorithm. A problem example is solved to illustrate the algorithm.

๐Ÿ“œ SIMILAR VOLUMES

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