van den Heuvel, Wilco; Wagelmans, Wagelmans, A.P.M. - Erasmus Research Institute of Management (ERIM), … - 2003
In this paper we consider the uncapacitated economic lot-size model, where demand is a deterministic function of price. In the model a single price need to be set for all periods. The objective is to find an optimal price and ordering decisions simultaneously. In 1973 Kunreuther and Schrage...