Journal article
Optimal contract quantity versus optimal shopping quantity
Production and inventory management journal, Vol.36(4)
22 Sep 1995
Abstract
A study on a modified version of the economical ordering quantity model is discussed. The study proposed that if the optimal shipping contract is infinity and the optimal shipping quantity is independent of the contract quantity, management should balance the potential risks associated with long-term buyer-vendor agreements and the reduction of total annual costs. However, it is shown that the optimal shipping quantity should not be determined by setting the optimal shipping contract to infinity.
Metrics
2 Record Views
Details
- Title
- Optimal contract quantity versus optimal shopping quantity
- Creators
- Daesung HaSeung-Lae Kim
- Publication Details
- Production and inventory management journal, Vol.36(4)
- Publisher
- American Production and Inventory Control Society Inc
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Decision Sciences (and Management Information Systems)
- Identifiers
- 991020546582604721