Journal article
Note—On “A Quantity Discount Pricing Model to Increase Vendor Profits”
Management science, v 32(11), pp 1513-1517
Nov 1986
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
Monahan (Monahan, James P. 1984. A quantity discount pricing model to increase vendor profits. Management Sci. 30 (June) 720–726.) 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 (Banerjee, Avijit. 1986. A joint economic lot size model for purchaser and vendor. Decision Sci. 17 (Summer) 292–311.).
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Details
- Title
- Note—On “A Quantity Discount Pricing Model to Increase Vendor Profits”
- Creators
- Avijit Banerjee - Louisiana State University
- Publication Details
- Management science, v 32(11), pp 1513-1517
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems); Bennett S. LeBow College of Business; Drexel University
- Web of Science ID
- WOS:A1986F074800010
- Other Identifier
- 991019551634004721
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- Web of Science research areas
- Management
- Operations Research & Management Science