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A Simple Approach to the Discount Purchase Problem |
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| Authors: | S. K. Goyal Omprakash K. Gupta |
| Affiliation: | 1.Concordia University,Montreal,Canada;2.Indiana University Northwest,USA |
| Abstract: | In this paper we consider the problem of determining the optimal purchase quantity when the supplier offers a discount on large purchases. We propose a simple approach which requires fewer EOQ calculations for determining the lot size. |
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