Abstract
Optimal purchasing policies are derived for a continuous review inventory system in which backlogs are permissible and temporary price discounts are available. This paper derives such policies assuming that the sale price is not available at the regularly-scheduled replenishment time. Results indicate that, under specific conditions, maximum positive cost savings are generated when a special order is placed at the end of the sale period.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
