A nonlinear optimization model for optimal order quantities with stochastic demand rate and price change

作者：Ali M M^*; Masinga L

来源：Journal of Industrial and Management Optimization, 2007, 3(1): 139-154.

• optimal order quantitiy
• variable demand
• volume discount
• nonlinear programming model
• global optimization

An inventory problem in which the stochastic demand rate in each period is considered. A model is presented to compute optimal order quantities and optimal delivery points in the planning period. This model can also account for any anticipated price change that may occur from time to time. In addition the model can be used to compute volume discounts in accordance to the size of the order. A stochastic global optimization algorithm is used to obtain the numerical results.

• 出版日期2007-2