In this paper, Raw Material Level with Price Breaks for Manufacturing Industry performance is discussed. The mathematical analysis is employed for optimizing both buyer -vendor order quantity Q lies in the different quantity discount interval, (i.e. ) then the price per unit for Q units is with and the total minimum cost for both buyer-vendor. The proposed model develops ware house capacity constraint. Lagrange’s multiplier technique is applied to obtain optimum order quantity level with one-price breaks. A numerical example is given to demonstrate the performance and application of the proposed model for inventory order level with price breaks.
Volume 12 | 03-Special Issue
Pages: 1365-1369
DOI: 10.5373/JARDCS/V12SP3/20201386