Cardenas-Barron, Leopoldo Eduardo; Smith, Neale R.; … - In: International Journal of Logistics Economics and … 2 (2010) 3, pp. 270-291
In this paper, we study the effect of lead time from the buyer's point of view on joint price and inventory optimisation problems in a continuous time setting using an average profit maximising model that extends the familiar EOQ model. The behaviour of the model is studied using numerical...