Determining order quantities in multi-product inventory systems subject to multiple constraints and incremental discounts

European Journal of Operational Research

Volumn 184, Issue 3, 2008, Pages 930-945

  Haksever, Cengiz ^a   Moussourakis, John ^a  

^a RIDER UNIVERSITY   (United States)

Author keywords

Incremental discounts; Inventory; Mixed integer linear programming

Indexed keywords

APPROXIMATION ALGORITHMS; CONSTRAINT THEORY; COST EFFECTIVENESS; INTEGER PROGRAMMING; MATHEMATICAL MODELS; PRODUCTION CONTROL;

INCREMENTAL DISCOUNTS; MIXED-INTEGER LINEAR PROGRAMMING; MULTI-PRODUCT MULTI-CONSTRAINT INVENTORY SYSTEMS;

INVENTORY CONTROL;

EID: 34548565650     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2006.12.019     Document Type: Article

References (16)

1. Abad P.L. Joint price and lot-size determination when supplier offers incremental quantity discounts. Journal of the Operational Research Society 39 (1988) 603-607
2. Benton W.C. Quantity discount decisions under conditions of multiple items, multiple suppliers and resource limitations. International Journal of Production Research 29 10 (1991) 1953-1961
3. Benton W.C., and Park S. A classification of literature on determining the lot size under quantity discounts. European Journal of Operational Research 92 2 (1996) 219-238
4. Burwell T.H., Dave D.S., Fitzpatrick K.E., and Roy M.R. Economic lot size model for price-dependent demand under quantity and freight discounts. International Journal of Production Economics 48 2 (1997) 141-155
5. Güder F., and Zydiak J. Fixed cycle ordering policies for capacitated multiple item inventory systems with quantity discounts. Computers and Industrial Engineering 38 (2000) 67-77
6. Güder F., Zydiak J., and Chaudhry S. Capacitated multiple item ordering with incremental quantity discounts. Journal of the Operational Research Society 45 10 (1994) 1197-1205
7. Hadley G., and Whitin T.M. Analysis of Inventory Systems (1963), Prentice Hall, Englewood Cliffs, NJ
8. Haksever C., and Moussourakis J. A model for optimizing multi-product inventory systems with multiple constraints. International Journal of Production Economics 97 1 (2005) 18-30
9. Moussourakis J., and Haksever C. A linear approximation approach to multi-product multi-constraint inventory management problems. Tamsui Oxford Journal of Management Sciences 20 1 (2004) 35-55
10. Page E., and Paul R.J. Multi-product inventory situations with one restriction. Operational Research Quarterly 27 4 (1976) 815-834
11. Rosenblatt M.J. Multi-item inventory system with budgetary constraint: A comparison between the Lagrangian and the fixed cycle approach. International Journal of Production Research 19 4 (1981) 331-339
12. Rubin P.A., and Benton W.C. Jointly constrained order quantities with all-units discounts. Naval Research Logistics 40 (1993) 255-278
13. Rubin P.A., and Benton W.C. Evaluating jointly constrained order quantity complexities for incremental discounts. European Journal of Operational Research 149 (2003) 557-570
14. Tersine R.J., and Barman S. Economic inventory/transport lot sizing with quantity and freight rate discounts. Decision Sciences 22 (1991) 1171-1191
15. Tersine R.J., and Toelle R.A. Lot size determination with quantity discounts. Production and Inventory Management Third Quarter (1985) 1-22
16. Tersine R.J., Barman S., and Toelle R.A. Composite lot sizing with quantity and freight discounts. Computers and Industrial Engineering 28 1 (1995) 107-122