| Article ID: | iaor1993456 |
| Country: | Netherlands |
| Volume: | 11 |
| Issue: | 3 |
| Start Page Number: | 187 |
| End Page Number: | 193 |
| Publication Date: | Apr 1992 |
| Journal: | Operations Research Letters |
| Authors: | Min K. Jo |
| Keywords: | production |
The paper extends the profit maximizing economic order quantity model for a monopolistic seller who simultaneously determines both the order quantity and quantity discount price schedule when buyers have different preferences on their purchase quantities. Interesting economic implications are obtained from the optimality conditions.