Inventory and quantity discount pricing policies under profit maximization

Authors:
K Jo Min
Affiliations:
Department of IMSE, Iowa State University, Ames, IA, USA
Venue:
Operations Research Letters
Year:
1992

Citing 3
Cited 2

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Abstract

We extend the profit maximizing economic order quantity (EQQ) model for a monopolistic seller who simultaneously determines both the order quantity and quantity discount price schedule when buyers have different preferences on their purchase quantities. Interesting economic implications are obtained from the optimality conditions.