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Author: | You, P-S. |
Title: | Sequential buying policies |
Journal: | European Journal of Operational Research
2000 : FEB, VOL. 120:3, p. 535-544 |
Index terms: | Dynamic programming Purchasing Decision making Pricing Models |
Language: | eng |
Abstract: | This paper deals with the problem of a decision maker trying to purchase a certain number of units of an item at the lowest total purchasing cost within a given number of time periods. This paper develops a dynamic model which provides decision rules that consist of pricing policies and search rules for the decision maker. |
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