The MIIS Eprints Archive

Optimal order quantities with volume discounts before and after price increase

Ali, M.M. and Masinga, L.C. and Jekot, T. (2004) Optimal order quantities with volume discounts before and after price increase. [Study Group Report]

[img]
Preview
PDF
95Kb

Abstract

An inventory problem in which annual demand is normally distributed with known means and standard deviations is considered. A purchase price increase is imminent before the next order is placed. Volume discounts are also given in accordance to the size of the order. A model to compute an optimal order quantity and an optimal delivery point is presented. This model can also account for any price change that may occur from time to time.

Item Type:Study Group Report
Problem Sectors:Food and Drink
Retail
Study Groups:Mathematics in Industry Study Groups in South Africa > MISGSA 2004: University of the Witwatersrand (19th - 23rd January 2004)
Company Name:CaterPlus
ID Code:59
Deposited By:Gordon White
Deposited On:04 Apr 2006
Last Modified:10 Mar 2010 18:20

Repository Staff Only: item control page