Optimal Ordering Policy in Response to a Temporary Price Discount with Lead Time Linked to Order Quantity

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Title:	Optimal Ordering Policy in Response to a Temporary Price Discount with Lead Time Linked to Order Quantity
Authors:	Yang, Chih-Te;Ouyang, Liang-Yuh;Wu, Kun-Shan;Yen, Hsiu-Feng
Contributors:	淡江大學管理科學學系;淡江大學企業管理學系;淡江大學資訊管理學系
Keywords:	inventory;temporary sale price;lead time;finance
Date:	2009-05
Issue Date:	2013-10-08 14:47:23 (UTC+8)
Publisher:	臺北縣淡水鎮：淡江大學企業管理學系
Abstract:	In this paper, we probe the possible effects of a temporary price discount-offered by the supplier on the retailer's replenishment policy with lead time linked to order quantity. The purpose of this study is to develop a decision process for retailer, which allows himlher to adopt whether a special or regular order policy during a emporary sales period. For the case which a special order policy is selected, the optimal special order quantity is determined by maximizing the total cost saving between special and regular orders. In theoretical analysis, we present some useful results to characterize the optimal solutions. Furthermore, an algorithm is established to determine the optimal solutions. Finally, several numerical examples are given to illustrate the theoretical results, and a sensitivity analysis of the optimal solution with respect to the main parameters is also conducted.
Relation:	2009年(第六屆)提升競爭力與經營管理研討會論文集，頁253-272
Appears in Collections:	[Department of Management Sciences] Proceeding [Graduate Institute & Department of Information Management] Proceeding [Graduate Institute & Department of Business Administration] Proceeding

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