Journal article
NOTES ON "A QUANTITY DISCOUNT PRICING MODEL TO INCREASE VENDOR PROFITS"
Management science, Vol.32(11), p1513
01 Nov 1986
Abstract
Monahan (1984) develops a model for establishing an optimal quantity discount schedule from a vendor's viewpoint. In this note we show that this model is limited to the case where the vendor buys from another supplier. Incorporating vendor's inventory carrying costs, we develop a generalized version of Monahan's model and demonstrate its equivalence with the joint economic lot size approach suggested by Banerjee (1986).
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Details
- Title
- NOTES ON "A QUANTITY DISCOUNT PRICING MODEL TO INCREASE VENDOR PROFITS"
- Creators
- Avijit Banerjee
- Publication Details
- Management science, Vol.32(11), p1513
- Publisher
- Institute for Operations Research and the Management Sciences
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems); Bennett S. LeBow College of Business; Drexel University
- Identifiers
- 991019551799504721