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Inventory Control Models with Motivational Policies (Hardcover, 1st ed. 2018)
Loot Price: R2,999
Discovery Miles 29 990
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Inventory Control Models with Motivational Policies (Hardcover, 1st ed. 2018)
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Total price: R3,019
Discovery Miles: 30 190
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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.
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