Journal ArticleDOI
Evaluation of Supplier-Restricted Purchasing Options Under Temporary Price Discounts
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In this article, the optimal ordering rules in response to supplier restrictions on special order sizes that accompany temporary price reductions are derived in the context of temporary price reduction, where buyers may purchase a compulsory minimum order size or select from a limited number of available order quantities at the reduced price.Abstract:
Suppliers offering temporary price reductions may impose restrictions on special order sizes at die temporarily-reduced price Buyers may be restricted to purchase a compulsory minimum order size or select from a limited number of available order quantities at the reduced price This paper derives optimal ordering rules in response to supplier restrictions on special order sizes that accompany temporary price reductions Handled by the Department of Inventoryread more
Citations
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Journal ArticleDOI
Integrated production/distribution planning in supply chains: An invited review
TL;DR: Simpson and Vakharia as discussed by the authors proposed a method to identify the most important parts of the human brain in order to determine whether a person's brain is composed of neurons or not.
Journal ArticleDOI
Theories and realities of quantity discounts: an exploratory study *
Charles L. Munson,Charles L. Munson,Charles L. Munson,Meir J. Rosenblatt,Meir J. Rosenblatt,Meir J. Rosenblatt +5 more
TL;DR: In this paper, the authors compare and contrast the current state of the art in the theory of quantity discounts with a field study of 39 firms and identify a number of fruitful directions for future research.
Journal ArticleDOI
A classification of literature on determining the lot size under quantity discounts
W. C. Benton,Seungwook Park +1 more
TL;DR: In this paper, the authors classify the literature on lot sizing determination under several types of discount schemes and discuss some of the significant literature in this area over two decades and also some future research areas have been identified.
Journal ArticleDOI
Real-time disruption management in a two-stage production and inventory system
TL;DR: In this article, a general disruption management approach for a two-stage production and inventory control system is presented, where a penalty cost for deviations of the new plan from the original plan is incorporated and the concept of a disruption recovery time window is introduced.
Journal ArticleDOI
A quantity discount approach to supply chain coordination
Hojung Shin,W. C. Benton +1 more
TL;DR: The analytical results suggest that the proposed Buyer’s Risk Adjustment (B-RA) model is a feasible alternative for supply chain coordination under uncertain demand conditions.
References
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Book
Decision Systems for Inventory Management and Production Planning
TL;DR: In this article, an in-depth discussion of the major decisions in production planning, scheduling, and inventory management faced by organizations, both private and public, is presented, as well as the latest systems used to make decisions, including Just-in-Time Manufacturing, KANBAN, Distribution Requirements Planning and PUSH Control.
Book
Principles of inventory and materials management
TL;DR: In this paper, the authors present a survey of the literature on deterministic models for distribution inventory systems, including the following: 1. Independent Demand Systems: Probabilistic Models. 2. Discrete Demand System: Deterministic Models. 3. In-Process Inventory, Just-in-Time, and Theory of Constraints.
Journal ArticleDOI
Optimal Ordering Strategies for Announced Price Increases
Sam G. Taylor,Charles E. Bradley +1 more
TL;DR: In this paper, the authors extend the price increase model by relaxing the requirement on the timing of price increase, and develop optimal ordering strategies for situations where the price increases becomes effective at any future specified time.
Journal ArticleDOI
Optimal Ordering Policies in Response to a Sale
TL;DR: In this paper, the effects of a special order on inventory costs and developing optimal ordering policies in response to a sale are analyzed and the optimal ordering policy is developed. But the authors do not consider the effect of special orders on the quality of the products.