“A JOINT ECONOMIC‐LOT‐SIZE MODEL FOR PURCHASER AND VENDOR”: A COMMENT*
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Banerjee [1] developed a joint economic-lot-size model for the case where a vendor produces to order for a purchaser on a lot-for-lot basis under deterministic conditions. The assumption of lot-for-lot bases is restrictive in nature. In this note, a more general joint economic-lot-size model is suggested and it is shown to provide a lower or equal joint total relevant cost as compared to the model of Banerjee.