Journal article
The evaluation of discounts in co-ordinated control inventory models
Abstract
An important component of an inventory control model is the algorithm for evaluating alternative discount proposals and selecting a total replenishment quantity. Although many algorithms have been developed none are specifically designed for co-ordinated control of several items where demand is probabilistic. A probabilistic model is developed in this paper and is compared with simpler, more traditional models. Based on this comparison a …
Authors
Miltenburg GJ; Silver EA
Journal
Engineering Costs and Production Economics, Vol. 8, No. 1-2, pp. 15–25
Publisher
Elsevier
Publication Date
July 1984
DOI
10.1016/0167-188x(84)90014-4
ISSN
0167-188X