Inventory and quantity discount pricing policies under profit maximization
KJ Min - Operations research letters, 1992 - Elsevier
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.
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.
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