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| Author: | Lu, L. Qui, Y. |
| Title: | Worst-case performance of a power-of-two policy for the quantity discount model |
| Journal: | Journal of the Operational Research Society
1994 : OCT, VOL. 45:10, p. 1206-1210 |
| Index terms: | INVENTORIES QUANTITY POLICY |
| Language: | eng |
| Abstract: | This paper derives the worst-case performance of a power-of-two policy in an all-unit quantity discount model with one price break point, which extends the sensitivity analysis for the classical EOQ model. The authors show that the worst-case performance will depend on the discount rate alpha, and is within 7.66% of opportunity when alpha<7.51%, and approximately within 100% alpha of optimality when alpha>/7.51%. Work is currently underway to modify the current results for these more complicated problems. |
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