Title :
A more efficient procedure for determining an optimum purchase quantity with an all-unit discount schedule
Author :
Leung, Kit-Nam Francis
Author_Institution :
Dept. of Manage. Sci., City Univ. of Hong Kong, Kowloon
Abstract :
In this study, we consider the problem of determining the optimum purchase quantity when the seller offers an all-unit discount on large purchases. We propose a more efficient procedure for determining the optimum lot size. Three examples have been solved to illustrate the procedure and also been solved using another three procedures so that comparisons can be made.
Keywords :
purchasing; all-unit discount schedule; large purchases; optimum lot size; optimum purchase quantity; Automation; Conference management; Cost function; Economic indicators; Marketing and sales; Processor scheduling;
Conference_Titel :
Information and Automation, 2008. ICIA 2008. International Conference on
Conference_Location :
Changsha
Print_ISBN :
978-1-4244-2183-1
Electronic_ISBN :
978-1-4244-2184-8
DOI :
10.1109/ICINFA.2008.4608161