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JIT purchasing vs. EOQ with a price discount: An analytical comparison of inventory costs

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  • Fazel, Farzaneh
  • Fischer, Klaus P.
  • Gilbert, Erika W.

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  • Fazel, Farzaneh & Fischer, Klaus P. & Gilbert, Erika W., 1998. "JIT purchasing vs. EOQ with a price discount: An analytical comparison of inventory costs," International Journal of Production Economics, Elsevier, vol. 54(1), pages 101-109, January.
    • Handle: RePEc:eee:proeco:v:54:y:1998:i:1:p:101-109
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    References listed on IDEAS

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    1. Goyal, Suresh K. & Gupta, Yash P., 1989. "Integrated inventory models: The buyer-vendor coordination," European Journal of Operational Research, Elsevier, vol. 41(3), pages 261-269, August.
    2. Chyr, Fuchiao & Lin, Tsong Ming & Ho, Chin-Fu, 1990. "Comparison between just-in-time and EOQ system," Engineering Costs and Production Economics, Elsevier, vol. 18(3), pages 233-240, January.
    3. Zhuang, Li, 1994. "Towards a more economic production and just-in-time delivery system," International Journal of Production Economics, Elsevier, vol. 36(3), pages 307-313, October.
    4. Gunasekaran, A. & Goyal, S. K. & Martikainen, T. & Yli-Olli, P., 1993. "Modelling and analysis of just-in-time manufacturing systems," International Journal of Production Economics, Elsevier, vol. 32(1), pages 23-37, August.
    5. Jamal, A. M. M. & Sarker, Bhaba R., 1993. "An optimal batch size for a production system operating under a just-in-time delivery system," International Journal of Production Economics, Elsevier, vol. 32(2), pages 255-260, September.
    6. Willard I. Zangwill, 1987. "From EOQ Towards ZI," Management Science, INFORMS, vol. 33(10), pages 1209-1223, October.
    7. Chhikara, Jitendra & Weiss, Elliott N., 1995. "JIT savings--myth or reality?," Business Horizons, Elsevier, vol. 38(3), pages 73-78.
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    Cited by:

    1. Swenseth, Scott R. & Godfrey, Michael R., 2002. "Incorporating transportation costs into inventory replenishment decisions," International Journal of Production Economics, Elsevier, vol. 77(2), pages 113-130, May.
    2. Cao, Qing & Schniederjans, Marc J., 2004. "A revised EMQ/JIT production-run model: An examination of inventory and production costs," International Journal of Production Economics, Elsevier, vol. 87(1), pages 83-95, January.
    3. Tsai, Jung-Fa, 2007. "An optimization approach for supply chain management models with quantity discount policy," European Journal of Operational Research, Elsevier, vol. 177(2), pages 982-994, March.
    4. Wu, Min & Shen, Qiping & Xu, Maozeng & Wu, Desheng, 2013. "Modeling stockout risk and JIT purchasing in ready-mixed concrete batching plants," International Journal of Production Economics, Elsevier, vol. 144(1), pages 14-19.
    5. San-José, Luis A. & García-Laguna, Juan, 2009. "Optimal policy for an inventory system with backlogging and all-units discounts: Application to the composite lot size model," European Journal of Operational Research, Elsevier, vol. 192(3), pages 808-823, February.
    6. Han, Xiaoya & Yu, Yugang & Hu, Guiping, 2019. "A dynamic newsvendor problem with goodwill-dependent demands and minimum commitment," Omega, Elsevier, vol. 89(C), pages 242-256.
    7. Schniederjans, Marc J. & Cao, Qing, 2000. "A note on JIT purchasing vs. EOQ with a price discount: An expansion of inventory costs," International Journal of Production Economics, Elsevier, vol. 65(3), pages 289-294, May.
    8. L. San José & J. García-Laguna, 2003. "An EOQ model with backorders and all-units discounts," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 11(2), pages 253-274, December.
    9. Betts, John M. & Johnston, Robert B., 2005. "Just-in-time component replenishment decisions for assemble-to-order manufacturing under capital constraint and stochastic demand," International Journal of Production Economics, Elsevier, vol. 95(1), pages 51-70, January.
    10. Min, Wu & Sui Pheng, Low, 2006. "EOQ, JIT and fixed costs in the ready-mixed concrete industry," International Journal of Production Economics, Elsevier, vol. 102(1), pages 167-180, July.
    11. Wu Min & Low Sui Pheng, 2005. "Economic order quantity (EOQ) versus just-in-time (JIT) purchasing: an alternative analysis in the ready-mixed concrete industry," Construction Management and Economics, Taylor & Francis Journals, vol. 23(4), pages 409-422.
    12. Zheng Shi & Zheng Wen, 2014. "Optimal Sales Discount Decision Model with Fixed Ordered Quantities," Journal of Systems Science and Information, De Gruyter, vol. 2(4), pages 345-357, August.
    13. Chung, Wenming & Talluri, Srinivas & Narasimhan, Ram, 2011. "Price markdown scheme in a multi-echelon supply chain in a high-tech industry," European Journal of Operational Research, Elsevier, vol. 215(3), pages 581-589, December.
    14. Ben Jouida, Sihem & Krichen, Saoussen & Klibi, Walid, 2017. "Coalition-formation problem for sourcing contract design in supply networks," European Journal of Operational Research, Elsevier, vol. 257(2), pages 539-558.
    15. Low Sui Pheng & Wu Min, 2005. "Just-in-time management in the ready mixed concrete industries of Chongqing, China and Singapore," Construction Management and Economics, Taylor & Francis Journals, vol. 23(8), pages 815-829.
    16. Hemant K. Bhargava & Daewon Sun & Susan H. Xu, 2006. "Stockout Compensation: Joint Inventory and Price Optimization in Electronic Retailing," INFORMS Journal on Computing, INFORMS, vol. 18(2), pages 255-266, May.

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