Article ID: | iaor199256 |
Country: | United Kingdom |
Volume: | 29 |
Issue: | 10 |
Start Page Number: | 1953 |
End Page Number: | 1961 |
Publication Date: | Oct 1991 |
Journal: | International Journal of Production Research |
Authors: | Benton W.C. |
Keywords: | quantity discount |
This research considers quantity discount procedures under conditions of multiple items, resource limitations and multiple suppliers. This is a very complex problem that has not yet been addressed in the literature. The paper offers an efficient heuristic programming procedure for evaluating alternative discount schedules. Moreover it uses an example problem to test the suggested procedure. The results offer several encouraging findings for managers facing this impressive problem.