INVENTORY DECISIONS WITH DECREASING PURCHASING COSTS

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XIANGPEI HU ; HUIMIN WANG ; YUNZENG WANG (2012)
  • Journal: Asia-Pacific Journal of Operational Research, volume 29, issue 1, pages 1,240,002-1
  • Subject: Inventory control, periodic review system, myopic policy

Costs of many items drop systematically throughout their life-cycles, due to advances in technology and competition. Motivated by the management of service parts for some high-tech products, this paper studies inventory decisions for such items. In a periodic review set... View more
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