Inventory control models with motivational policies /

Inventory control models with motivational policies /

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Bibliographic Details
Author / Creator:Taleizadeh, Ata Allah, author.
Imprint:Cham, Switzerland : Springer, [2018]
Description:1 online resource
Language:English
Subject:
Inventory control -- Mathematical models.
Special sales -- Mathematical models.
Inventories, Retail -- Mathematical models.
Special sales -- Mathematical models.
Inventory control -- Mathematical models.
Inventories, Retail -- Mathematical models.
Discount.
Inventory control.
Payment.
Prices.
Special sales.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/11543469
Hidden Bibliographic Details
ISBN:9783319727158
331972715X
3319727141
9783319727141
9783319727165
3319727168
9783319892016
3319892010
9783319727141
3319727141
Digital file characteristics:text file
PDF
Notes:Includes bibliographical references.
Online resource; title from PDF title page (EBSCO, viewed February 19, 2018).
Summary:This book examines the different motivational policies used for inventory management. In many competitive markets, sellers use motivational policies to encourage the customers to buy more and these kinds of strategies are used as competitive tools. This book brings together all the motivational policies for lot sizing decisions and offers a useful guide for inventory control. Each chapter applies deterministic inventory models such as economic order quantity (EOQ) and economic production quantity (EPQ), but also stochastic models for the motivational policy covered. The book begins exploring quantity discounts such as all-unit and incremental discounts. It then looks at delayed payment or trade credit policies that are applied by many suppliers and/or wholesalers to increase their sales. The motivational policies covered in the following chapters are dedicated to advance payment/prepayment schemes and also special sales offered by retailers to increase sales levels or decrease the inventory level. Finally the book concludes with a review of announced price increases, which persuades customers to buy a product at the current price, rather than paying more for it in the future. Inventory Control Models with Motivational Policies should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.
Other form:Print version : 3319727141 9783319727141
Standard no.:9783319727141
10.1007/978-3-319-72715-8
Table of Contents:
  • Intro; Preface; Contents; List of Figures; List of Tables; About the Author; Chapter 1: Introduction; 1.1 Quantity Discounts; 1.2 Delayed Payment; 1.3 Advanced Payments; 1.4 Special Sales; 1.5 Known Price Increase; Chapter 2: Quantity Discounts; 2.1 Introduction; 2.2 All-Unit Quantity Discount; 2.2.1 All-Unit Quantity Discount Without Shortage; Notations and Assumptions; Modelling; Solution Algorithm; 2.2.2 All-unit Quantity Discount with Backlogging Shortage; Notations and Assumptions; Modelling; Solution Algorithm; 2.2.3 All-Unit Quantity Discount with Partial Backlogging Shortage.
  • Notations and AssumptionsModelling; Solution Algorithm; 2.2.4 All-Unit Quantity Discount for Deteriorating Items; Notations and Assumptions; Modelling; Solution Algorithm; 2.3 Incremental Discount; 2.3.1 Incremental Discount Without Shortage; Notations and Assumptions; Modelling; Solution Algorithm; 2.3.2 Incremental Discount with Backlogged Shortage; Notations and Assumptions; Modelling; Solution Algorithm; 2.3.3 Incremental Discount with Partial Backlogged Shortage; Notations and Assumptions; Modelling; Solution Algorithm; 2.4 Freight Discount; 2.4.1 Freight Discount Without Shortage.
  • Notations and AssumptionsModelling; Solution Algorithm; Purchasing Incremental Discount with Freight Incremental Discount; Purchasing All-Unit Quantity Discount and Selling All-Unit Quantity Discount; Chapter 3: Delayed Payment; 3.1 Introduction; 3.2 EOQ Model with Delayed Payment; 3.2.1 Without Shortage; 3.2.2 Backlogging; 3.2.3 Partial Backlogging; Solution Method; 3.2.4 Solution Algorithm (Taleizadeh et al. 2013g); 3.2.5 Deteriorating Items; Modelling; 3.3 EOQ Model with Linked to Order Delayed Payment; 3.3.1 Without Shortage; 3.3.2 Backlogging; 3.3.3 Deteriorating Items.
  • 3.4 EPQ Model with Delayed Payment3.4.1 Without Shortage; Model Formulation and Convexity; 3.4.2 Backlogging; 3.4.3 Deteriorating Goods; Mathematical Model; The Optimization Algorithm; 3.5 Stochastic Inventory Model with Delayed Payment; 3.5.1 The (s, S) Periodic Review Model with Delay in Payments; Chapter 4: Advanced Payment; 4.1 Introduction; 4.2 EOQ Model with Advanced Payment; 4.2.1 Shortages Are Not Allowed; 4.2.2 Backlogging; 4.2.3 Partial Backlogging; 4.2.4 Deteriorating Goods; 4.3 EOQ Model with Multiple Advanced Payments; 4.3.1 Shortages Are Not Allowed; 4.3.2 Full Backlogging.
  • 4.3.3 Partial Backlogging4.3.4 Deteriorating Items; 4.3.5 Shortages Are Not Allowed; Without Shortages; Full Backlogging; 4.4 Stochastic Inventory Model with Advance Payment; 4.4.1 Modelling; 4.4.2 Particular Case; Chapter 5: Special Sales; 5.1 Introduction; 5.2 EOQ with Special Sales; 5.2.1 No Shortage; 5.2.2 Backordering; EOQ Model with Shortage and Temporary Discount; 5.2.3 Partial Backordering; EOQ Model with Partial Backordering; EOQ Models with Partial Backordering and a Special Sale; 5.2.4 Deteriorating Products; EOQ Model with Backlogging and Temporary Discount.

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