Gupta, Omprakash K.; Kini, Ranjan B. - In: International Journal of Operations & Production Management 15 (1995) 9, pp. 261-270
Companies have traditionally relied on taking advantage of price‐quantity discount (PQD) on large purchases. With the adoption of just‐in‐time (JIT) philosophy companies are encouraged to purchase materials in small lots to synchronize production with deliveries. This raised a question...