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1.

An EOQ model with quantity incentive strategy for deteriorating items and partial backlogging Pages 135-142 Right click to download the paper Download PDF

Authors: Rahul Kumar Pandey, S.R. Singh, Bindu Vaish, Shilpy Tayal

DOI: 10.5267/j.uscm.2016.10.002

Keywords: Quantity discount, Price dependent demand, Deterioration, Partial backlogging

Abstract:
Quantity discount is a usual term in business and has been a topic of interest for a long time, but have received very little attention. Many vendors offer different schemes to their customers to increase the existing size of order, which results in higher annual sale for the vendor and a lower purchasing price for the retailer. Therefore, the buyer adjusts his/her selling price, which influences the demand for the product. The objective of this paper is to develop an inventory model for deteriorating products with quantity discount and partial backlogging to determine the optimal ordering quantity for the retailer optimizing the total cost or profit of the associated model. A numerical example is also given to illustrate the model and its significant features.
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Journal: USCM | Year: 2017 | Volume: 5 | Issue: 2 | Views: 2760 | Reviews: 0

 

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