Analysis and applications of replenishment problems under stepwise transportation costs and generalized wholesale prices

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dc.citation.epage529en_US
dc.citation.issueNumber1en_US
dc.citation.spage521en_US
dc.citation.volumeNumber140en_US
dc.contributor.authorKonur, D.en_US
dc.contributor.authorToptal, A.en_US
dc.date.accessioned2016-02-08T09:44:09Z
dc.date.available2016-02-08T09:44:09Z
dc.date.issued2012en_US
dc.departmentDepartment of Industrial Engineeringen_US
dc.description.abstractIn this study, we analyze the replenishment decision of a buyer with the objective of maximizing total expected profits. The buyer faces stepwise freight costs in inbound transportation and a hybrid wholesale price schedule given by a combination of all-units discounts with economies and diseconomies of scale. This general cost structure enables the model and the proposed solution to be also used for the supplier selection of a buyer under the single sourcing assumption. We show that the buyers replenishment problem reduces to finding and comparing the solutions of the following two subproblems: (i) a replenishment problem involving wholesale prices given by an all-units discount schedule with economies of scale and a lower bound on the replenishment quantity, and (ii) a replenishment problem involving wholesale prices given by an all-units discount schedule with diseconomies of scale and an upper bound on the replenishment quantity. We propose solution methods for these two subproblems, each of which stands alone as practical problems, and utilize these methods to optimally solve the buyers replenishment problem.en_US
dc.identifier.doi10.1016/j.ijpe.2012.07.003en_US
dc.identifier.issn0925-5273
dc.identifier.urihttp://hdl.handle.net/11693/21279
dc.language.isoEnglishen_US
dc.relation.isversionofhttp://dx.doi.org/10.1016/j.ijpe.2012.07.003en_US
dc.source.titleInternational Journal of Production Economicsen_US
dc.subjectCargo capacityen_US
dc.subjectNewsvendor modelen_US
dc.subjectPremium scheduleen_US
dc.subjectSupplier selectionen_US
dc.subjectTransportationen_US
dc.titleAnalysis and applications of replenishment problems under stepwise transportation costs and generalized wholesale pricesen_US
dc.typeArticleen_US
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