EOQ model for imperfective items under a one-time-only discount

Wen-Kai Kevin Hsu and Hong-Fwu Yu

Omega, 2009, vol. 37, issue 5, 1018-1026

Abstract: In practice, when a supplier is confronted with extreme completion in markets, unanticipated surplus in inventory, or change in the production run of a product, he/she may offer a special price discount to motivate buyers to order a special quantity. The purpose of the present paper is to investigate an inventory model for imperfective items under a one-time-only discount, where the defectives can be screened out by a 100% screening process and then can be sold in a single batch by the end of the 100% screening process. The optimal order policies associated with three kinds of effective times of the reduced price are obtained. Finally, a numerical example is provided to illustrate the proposed model.

Keywords: EOQ; model; Special; price; discount; One-time-only; discount; Imperfect; quality (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (18)

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