The dynamic lot size model with quantity discount
Abstract
This article treats the dynamic lot size model with quantity discount in purchase price. We study the problem with two different cost structures: the all-units-discount cost structure and the incremental-discount cost structure. We solve the problem under both discount cost structures by dynamic programming algorithms of complexity O(T3) and O(T2), respectively, with T the number of periods in the planning horizon.
Citation
Federgruen, Awi, and Chung-Yee Lee. "The dynamic lot size model with quantity discount." Naval Research Logistics 37, no. 5 (1990): 707-713.
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