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| Author: | Lam, S. Wong, D. |
| Title: | A fuzzy mathematical model for the joint economic lot size problem with multiple price breaks |
| Journal: | European Journal of Operational Research
1996 : DEC 20, VOL. 95:3, p. 611-622 |
| Index terms: | OPERATIONAL RESEARCH FUZZY SETS QUANTITY |
| Language: | eng |
| Abstract: | This paper applies fuzzy mathematical programming to solve the joint economic lot size problem with multiple price breaks. In order to entice the buyer to increase the order quantity, it is a common practice for the seller to offer quantity discounts to the buyer. From the system viewpoint, the joint cost for the seller and buyer can be minimized only when the buyer increases his economic order quantity. The problem is how to determine the number of price breaks, as well as the quantity discount and order quantity at each price break. |
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