Ali, M.M. and Masinga, L.C. and Jekot, T. (2004) Optimal order quantities with volume discounts before and after price increase. [Study Group Report]
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Abstract
An inventory problem in which annual demand is normally distributed with known means and standard deviations is considered. A purchase price increase is imminent before the next order is placed. Volume discounts are also given in accordance to the size of the order. A model to compute an optimal order quantity and an optimal delivery point is presented. This model can also account for any price change that may occur from time to time.
| Item Type: | Study Group Report |
|---|---|
| Problem Sectors: | Food and Drink Retail |
| Study Groups: | Mathematics in Industry Study Groups in South Africa > MISGSA 2004: University of the Witwatersrand (19th - 23rd January 2004) |
| Company Name: | CaterPlus |
| ID Code: | 59 |
| Deposited By: | Gordon White |
| Deposited On: | 04 Apr 2006 |
| Last Modified: | 29 May 2015 19:46 |
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