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Journal of the Operational Research Society Volume 38, 1987 - Issue 9
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Technical Note

Determination of a Supplier's Economic Ordering Policy

S. K. GoyalDepartment of Decision Sciences and Management Information SystemsConcordia UniversityMontrealQuebecCanada
Pages 853-857 | Published online: 20 Dec 2017
 
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Abstract

In this paper, a supplier's ordering and pricing problem has been formulated. A simple algorithm is given to determine (1) the supplier's order quantity, and (2) the unit selling price in order to maximize the supplier's profit. An example has been solved to illustrate the method.

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