IIE Transactions · 1988 · 64 citations · 3 references
Supply Chain OptimizationOptimal Ordering PoliciesMarket DesignOperations ResearchPricing PolicyInventory ManagementSpecial OrderInventory ControlManagementLogisticsSupply ChainSale PeriodMechanism DesignQuantitative ManagementEconomicsMarket MechanismSupply Chain ManagementMarketingSupply ManagementBusinessPurchasingInventory SystemDecision Science
Abstract When a supplier reduces the price of a product temporarily a buyer might be able to improve the effectiveness of his inventory system by placing a special order during the sale period. This paper analyses the effects of a special order on inventory costs and develops optimal ordering policies in response to a sale.
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Decision Rules for Inventory Management
Raymond P. Lutz · Technometrics · 1968 · 268 citations