On price increases and temporary price reductions with partial backordering
by Sanjay Sharma
European J. of Industrial Engineering (EJIE), Vol. 3, No. 1, 2009

Abstract: In the previous researches, a generalised production-inventory model is considered along with partial backordering, i.e., the situation when a fraction of shortage quantity is not backordered. The work is extended for the case where any supplier offers a short-term price discount. An optimum special order quantity and the potential cost savings are obtained for different possible stock status at the time of replenishment of a special large order size. Similarly, the case in which a price increase is declared by the manufacturers/suppliers is incorporated in the model. Numerical examples are provided in order to illustrate the formulation along with the sensitivity analysis. [Received 11 December 2007; Revised 21 February 2008; Second Revision 04 March 2008; Accepted 06 May 2008]

Online publication date: Sun, 30-Nov-2008

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