文章基本信息

标题：Optimal ordering and pricing policy for price sensitive stock–dependent demand under progressive payment scheme
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作者：Shah, N. ; Shah, N. ; Patel, A. 等
期刊名称：International Journal of Industrial Engineering Computations
印刷版ISSN：1923-2926
电子版ISSN：1923-2934
出版年度：2011
卷号：2
期号：3
页码：523-532
DOI：10.5267/j.ijiec.2011.03.005
语种：English
出版社：Growing Science Publishing Company
摘要：The terminal condition of inventory level to be zero at the end of the cycle time adopted by Soni and Shah (2008, 2009) is not viable when demand is stock-dependent. To rectify this assumption, we extend their model for (1) an ending – inventory to be non-zero; (2) limited floor space; (3) a profit maximization model; (4) selling price to be a decision variable, and (5) units in inventory deteriorate at a constant rate. The algorithm is developed to search for the optimal decision policy. The working of the proposed model is supported with a numerical example. Sensitivity analysis is carried out to investigate critical parameters.
关键词：Deterioration; Inventory; Price-sensitive stock-dependent demand