Article ID: | iaor19911456 |
Country: | United Kingdom |
Volume: | 41 |
Issue: | 12 |
Start Page Number: | 1169 |
End Page Number: | 1170 |
Publication Date: | Dec 1990 |
Journal: | Journal of the Operational Research Society |
Authors: | Goyal S.K., Gupta O.K. |
In this paper the authors consider the problem of determining the optimal purchase quantity when the supplier offers a discount on large purchases. They propose a simple approach which requires fewer EOQ calculations for determining the lot size.