A generalized lot size ordering policy for price increases

A generalized lot size ordering policy for price increases

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Article ID: iaor198856
Country: India
Volume: 25
Issue: 4
Start Page Number: 272
End Page Number: 278
Publication Date: Dec 1988
Journal: OPSEARCH
Authors: ,
Abstract:

In this paper a method is presented for determining the optimal ordering policy when a supplier gives a prior notice to the purchaser of an increase in the unit price of the product. A total cost model is developed which incorporates the two commonly known purchasing strategies. An example is solved to illustrate the method.

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