Advanced Manufacturing Raw Material Level for Implementation of Quantity with Price Breaks

P. Muniappan, N. Mathan, C.K. Kirubhashankar and T. Kamaraj

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