Name
Title | ||
|---|---|---|
Analysis of supply contracts with minimum total order quantity commitments and non-stationary demands |
Abstract | ||
|---|---|---|
In this paper we address a buyer–supplier arrangement of particular importance: total order quantity commitment (TOQC). Under the TOQC contract that has been negotiated between the buyer and the supplier, the former agrees to an obligation to procure a certain quantity of an item from the latter over the predetermined period of time (additional quantity can be obtained maybe at a different price). The optimal inventory replenishment policy is shown to be dual order-up-to levels under a given TOQC, and the optimal TOQC is also demonstrated to be mathematically straightforward to obtain. |
Year | DOI | Venue |
|---|---|---|
2001 | 10.1016/S0377-2217(99)00445-2 | European Journal of Operational Research |
Keywords | Field | DocType |
Purchasing,Supply contracts,Procurement management,Inventory models | Economics,Obligation,Microeconomics,Purchasing,Operations management | Journal |
Volume | Issue | ISSN |
131 | 2 | 0377-2217 |
Citations | PageRank | References |
16 | 1.18 | 1 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Frank Y. Chen | 1 | 62 | 6.62 |
| Dmitry Krass | 2 | 483 | 82.08 |