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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.
SCIMA record nr: 202438
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