Research on Optimal Policy of Single-Period Inventory Management with Two Suppliers

We study a single-period inventory control problem with two independent suppliers. With the first supplier, the buyer incurs a high variable cost but negligible fixed cost; with the second supplier, the buyer incurs a lower variable cost but a positive fixed cost. At the same time, the ordering quan...

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Bibliographic Details
Main Authors: Baimei Yang, Lihui Sui, Peipei Zhu
Format: Article
Language:English
Published: Wiley 2014-01-01
Series:The Scientific World Journal
Online Access:http://dx.doi.org/10.1155/2014/417319
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