We consider an economic order quantity model where the supplier offers an all-units quantitydiscount and a price sensitive customer demand. We compare a decentralized decision frameworkwhere selling price and replenishment policy are determined independently to simultaneous decisionmaking....

Of late, much progress has been made in developing Estimation of DistributionAlgorithms (EDA), algorithms that use probabilistic modelling of high quality solutionsto guide their search. While experimental results on EDA behaviour are widelyavailable, theoretical results are still rare. This is...