A Note on Determining Optimal Selling Price and Lot Size Under All-Unit Quantity Discounts

  1. Timothy H. Burwell†,
  2. Dinesh S. Dave‡,
  3. Kathy E. Fitzpatrick§,
  4. Melvin R. Roy

Article first published online: 7 JUN 2007

DOI: 10.1111/j.1540-5915.1990.tb01698.x

Issue

Decision Sciences

Decision Sciences

Volume 21, Issue 2, pages 471–474, June 1990

Additional Information

How to Cite

Burwell, T. H., Dave, D. S., Fitzpatrick, K. E. and Roy, M. R. (1990), A Note on Determining Optimal Selling Price and Lot Size Under All-Unit Quantity Discounts. Decision Sciences, 21: 471–474. doi: 10.1111/j.1540-5915.1990.tb01698.x

Author Information

  1. Department of Decision Sciences, College of Business, Appalachian State University, Boone, NC 28608

  1. †

    Timothy H. Burwell is Assistant Professor of Decision Sciences at Appalachian State University. He received a Ph.D. in management science at Clemson University. Dr. Burwell's research interests are in the areas of mathematical programming, production, and operations research applied to public emergency services. He is a member of the Decision Sciences Institute and TIMS.

  2. ‡

    Dinesh S. Dave is Associate Professor of Decision Sciences at Appalachian State University. He has published several articles in various journals including International Journal of Production Research, Communications of the ACM, Information and Management, International Journal of Technology Management, and International Journal of Computer Applications in Technology. Dr. Dave's teaching, research, and consulting activities have been in the areas of applied statistics, quantitative methods, production/operations management and information systems. He is an active member of the Decision Sciences Institute, TIMS, and ORSA.

  3. §

    Kathy E. Fitzpatrick is Associate Professor and Chairperson of the Department of Decision Sciences at Appalachian State University. She received a Ph.D. in systems engineering from Clemson University. Dr. Fitzpatrick has published in the Journal of the Operational Research Society, SocioEconomic Planning Sciences, Journal of Business Forecasting and others. She is an active member of the Decision Sciences Institute, TIMS, and APICS.

  4. Melvin R. Roy is Professor of Computer Information Systems in the College of Business, Appalachian State University. He received a Ph.D. in applied statistics from the University of Northern Colorado. Dr. Roy's major research interest is in the applications of data processing technology expert systems.

Publication History

  1. Issue published online: 7 JUN 2007
  2. Article first published online: 7 JUN 2007
  3. December 6, 1988.March 29, 1989.

SEARCH

SEARCH BY CITATION

ARTICLE TOOLS

Get PDF (209K)

Keywords:

  • Inventory Management and Pricing

A recent study conducted by Abad [1] described a method of determining the optimal price and lot size when the supplier offers all-unit quantity discounts. The author developed a procedure using centralized and decentralized approaches. According to the author's suggestion, further study is necessary to determine if the decentralized approach always provides an optimal solution. In the present study, an attempt is made to investigate the uniformity between the centralized and decentralized approaches and to verify whether the decentralized approach always yields optimal solutions.

Get PDF (209K)