Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1033021 | Omega | 2009 | 9 Pages |
Abstract
In practice, when a supplier is confronted with extreme completion in markets, unanticipated surplus in inventory, or change in the production run of a product, he/she may offer a special price discount to motivate buyers to order a special quantity. The purpose of the present paper is to investigate an inventory model for imperfective items under a one-time-only discount, where the defectives can be screened out by a 100% screening process and then can be sold in a single batch by the end of the 100% screening process. The optimal order policies associated with three kinds of effective times of the reduced price are obtained. Finally, a numerical example is provided to illustrate the proposed model.
Keywords
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Strategy and Management
Authors
Wen-Kai Kevin Hsu, Hong-Fwu Yu,