Rosenblatt, Meir J.; Herer, Yale T.; Hefter, Ilan - In: Management Science 44 (1998) 11-Part-2, pp. 96-96
In this paper we consider the problem of developing an acquisition policy. Specifically, given a set of potential (qualified) suppliers, from whom should the firm buy the product, in what quantities, and how often? We provide properties of the optimal solution and relate them to the approach of...