Replenishment decisions under an all-units discount schedule and stepwise freight costs
In this study, we analyze the replenishment decisions under a general replenishment cost structure that includes stepwise freight costs and all-units quantity discounts. We first formulate a general model that accounts for a larger class of problems and prove several useful properties of the expected profit function. We later utilize these properties to develop a computational solution approach to find the optimal order quantity. As an application of the general results, we study the replenishment decisions in the single-period, i.e., the Newsboy, problem considering several scenarios that model the cost considerations either for the buyer or for both the buyer and the vendor.
Year of publication: |
2009
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Authors: | Toptal, Aysegül |
Published in: |
European Journal of Operational Research. - Elsevier, ISSN 0377-2217. - Vol. 198.2009, 2, p. 504-510
|
Publisher: |
Elsevier |
Keywords: | All-units discount Transportation Cargo capacity Newsboy model/problem |
Saved in:
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