This paper provides an optimal policy for a single-stage inventory problem with a constant demand rate, incremental quantity discounts, and a transshipment cost that includes two simultaneous modes of transportation, truckload shipments and less than truckload carriers. The proposed algorithm finds the minimum of the non-convex cost function at each interval defined by the breakpoints of the quantity discounts.
|Original language||English (US)|
|State||Published - Dec 1 2005|
|Event||IIE Annual Conference and Exposition 2005 - Atlanta, GA, United States|
Duration: May 14 2005 → May 18 2005
|Other||IIE Annual Conference and Exposition 2005|
|Period||5/14/05 → 5/18/05|
All Science Journal Classification (ASJC) codes