An effective inventory policy with order frequency discounts

José A. Ventura; Brian Q. Rieksts; Yale T. Herer

An effective inventory policy with order frequency discounts

José A. Ventura, Brian Q. Rieksts, Yale T. Herer

Data and Decision Sciences

Research output: Contribution to conference › Paper › peer-review

Abstract

We consider a single-warehouse multi-retailer inventory system in which discounts on the purchasing cost based on order frequency are given to the warehouse. A model with assumptions analogous to the EOQ environment is developed for all-unit order frequency discounts. A 94% effective power-of-two policy for a variable base planning period is derived.

Original language	English
State	Published - 2006
Event	2006 IIE Annual Conference and Exposition - Orlando, FL, United States Duration: 20 May 2006 → 24 May 2006

Conference

Conference	2006 IIE Annual Conference and Exposition
Country/Territory	United States
City	Orlando, FL
Period	20/05/06 → 24/05/06

Keywords

Frequency discount
Power-of-two inventory policies
Supply chain management

ASJC Scopus subject areas

Industrial and Manufacturing Engineering

Cite this

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AU - Ventura, José A.

AU - Rieksts, Brian Q.

AU - Herer, Yale T.

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AB - We consider a single-warehouse multi-retailer inventory system in which discounts on the purchasing cost based on order frequency are given to the warehouse. A model with assumptions analogous to the EOQ environment is developed for all-unit order frequency discounts. A 94% effective power-of-two policy for a variable base planning period is derived.

KW - Frequency discount

KW - Power-of-two inventory policies

KW - Supply chain management

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T2 - 2006 IIE Annual Conference and Exposition

Y2 - 20 May 2006 through 24 May 2006

ER -

An effective inventory policy with order frequency discounts

Abstract

Conference

Keywords

ASJC Scopus subject areas

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