| Article ID: | iaor19911451 |
| Country: | Netherlands |
| Volume: | 20 |
| Issue: | 1 |
| Start Page Number: | 101 |
| End Page Number: | 104 |
| Publication Date: | Jul 1990 |
| Journal: | Engineering Costs and Production Economics |
| Authors: | Goyal S.K. |
In this paper a procedure is given for determining the economic ordering policy for a product for which the supplier has offered a reduction in price during a given specified period. The demand for the product is assumed to be constant over an infinite time horizon. An example is given to illustrate this method.