Determination of a Supplier's Economic Ordering Policy |
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| Authors: | S K Goyal |
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| Institution: | 1.Department of Decision Sciences and Management Information Systems,Concordia University,Montreal,Canada |
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| Abstract: | In this paper, a supplier's ordering and pricing problem has been formulated. A simple algorithm is given to determine (1) the supplier's order quantity, and (2) the unit selling price in order to maximize the supplier's profit. An example has been solved to illustrate the method. |
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