文章基本信息

标题：Decision makings in discount pricing policy for imperfect production system
本地全文：下载
作者：Khedlekar, Uttam Kumar ; Tiwari, Ram Kumar
期刊名称：Yugoslav Journal of Operations Research
印刷版ISSN：0354-0243
电子版ISSN：1820-743X
出版年度：2019
卷号：29
期号：2
页码：273-293
DOI：10.2298/YJOR180607029K
出版社：Faculty of Organizational Sciences, Belgrade, Mihajlo Pupin Institute, Belgrade, Economics Institute, Belgrade, Faculty of Transport and Traffic Engineering, Belgrade, Faculty of Mechanical Engineering, Belgrade
摘要：In this paper, we discussed the effects of discount price on demand and profit in a diminishing market. A production plan has been suggested for an imperfect production system. Here, demand is considered to be price sensitive and negative power function of the selling price. This problem is solved by optimization, using the Hessian matrix of order three. The main objective is to find the optimal expected average profit, optimal selling price, discount rate, backorder level, and lot-size. The recommendations are provided to offer a price discount for limited sale season on different occasions. A numerical example is presented to validate the model and is graphically illustrated accordingly.
关键词：inventory; dynamic pricing; price-discount dependent demand; optimal Price settings; imperfect item; rework; shortage; partial backlogging