TY - GEN
T1 - A study on a multi-period inventory model with quantity discounts based on the previous order
AU - Lim, Sungmook
PY - 2011
Y1 - 2011
N2 - Lee [Lee J-Y (2008). Quantity discounts based on the previous order in a two-period inventory model with demand uncertainty. Journal of Operational Research Society 59: 1004-1011] previously examined quantity discount contracts between a manufacturer and a retailer in a stochastic, two-period inventory model in which quantity discounts are provided on the basis of the previous order size. In this paper, we extend the above two-period model to a k-period one (where k > 2) and propose a stochastic nonlinear mixed binary integer program for it. With the k-period model developed herein, we suggest a solution procedure of receding horizon control style to solve n-period (n > k) order decision problems.
AB - Lee [Lee J-Y (2008). Quantity discounts based on the previous order in a two-period inventory model with demand uncertainty. Journal of Operational Research Society 59: 1004-1011] previously examined quantity discount contracts between a manufacturer and a retailer in a stochastic, two-period inventory model in which quantity discounts are provided on the basis of the previous order size. In this paper, we extend the above two-period model to a k-period one (where k > 2) and propose a stochastic nonlinear mixed binary integer program for it. With the k-period model developed herein, we suggest a solution procedure of receding horizon control style to solve n-period (n > k) order decision problems.
UR - https://www.scopus.com/pages/publications/84866323091
U2 - 10.1007/978-3-642-22194-1_37
DO - 10.1007/978-3-642-22194-1_37
M3 - Conference contribution
AN - SCOPUS:84866323091
SN - 9783642221934
T3 - Smart Innovation, Systems and Technologies
SP - 377
EP - 387
BT - Intelligent Decision Technologies - Proceedings of the 3rd International Conference on Intelligent Decision Technologies, IDT'2011
T2 - 3rd International Conference on Intelligent Decision Technologies, IDT'2011
Y2 - 20 July 2011 through 22 July 2011
ER -