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Inventory Control Models with Motivational Policies

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Inventory Control Models with Motivational Policies/ by Ata Allah Taleizadeh.
Author:	Taleizadeh, Ata Allah.
Description:	XVII, 304 p.online resource. :
Contained By:	Springer Nature eBook
Subject:	Business logistics. -
Online resource:	https://doi.org/10.1007/978-3-319-72715-8
ISBN:	9783319727158

Inventory Control Models with Motivational Policies
Taleizadeh, Ata Allah.

Inventory Control Models with Motivational Policies[electronic resource] /by Ata Allah Taleizadeh. - 1st ed. 2018. - XVII, 304 p.online resource.

This book examines the different motivational policies used for inventory management. In many competitive markets, sellers use motivational policies to encourage the customers to buy more and these kinds of strategies are used as competitive tools. This book brings together all the motivational policies for lot sizing decisions and offers a useful guide for inventory control. Each chapter applies deterministic inventory models such as economic order quantity (EOQ) and economic production quantity (EPQ), but also stochastic models for the motivational policy covered. The book begins exploring quantity discounts such as all-unit and incremental discounts. It then looks at delayed payment or trade credit policies that are applied by many suppliers and/or wholesalers to increase their sales. The motivational policies covered in the following chapters are dedicated to advance payment/prepayment schemes and also special sales offered by retailers to increase sales levels or decrease the inventory level. Finally the book concludes with a review of announced price increases, which persuades customers to buy a product at the current price, rather than paying more for it in the future. Inventory Control Models with Motivational Policies should be useful for professionals working on supply chains, but also researchers in operations research and inventory management.

ISBN: 9783319727158

Standard No.: 10.1007/978-3-319-72715-8doiSubjects--Topical Terms:

562973
Business logistics.

LC Class. No.: HD38.5

Dewey Class. No.: 658.5

Inventory Control Models with Motivational Policies
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