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Retailer’s Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments
Joint Authors
Mishra, Umakanta
Tijerina-Aguilera, Jacobo
Tiwari, Sunil
Cárdenas-Barrón, Leopoldo Eduardo
Source
Mathematical Problems in Engineering
Issue
Vol. 2018, Issue 2018 (31 Dec. 2018), pp.1-14, 14 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2018-02-21
Country of Publication
Egypt
No. of Pages
14
Main Subjects
Abstract EN
This article develops an inventory model for deteriorating items with controllable deterioration rate (by using preservation technology) under trade credit policy.
As in practical scenarios the demand of an item is directly associated with its selling price, keeping this in mind, it is assumed to be a price dependent demand.
The main objective of the inventory model is to determine jointly the optimal ordering, pricing, and preservation technology investment policies for retailer so that the total profit is maximized.
The effects of key parameters on optimal solution are studied through a sensitivity analysis with the aim of examining the behavior of the inventory model with controllable deterioration under the permissible delay in payments.
American Psychological Association (APA)
Mishra, Umakanta& Tijerina-Aguilera, Jacobo& Tiwari, Sunil& Cárdenas-Barrón, Leopoldo Eduardo. 2018. Retailer’s Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments. Mathematical Problems in Engineering،Vol. 2018, no. 2018, pp.1-14.
https://search.emarefa.net/detail/BIM-1208644
Modern Language Association (MLA)
Mishra, Umakanta…[et al.]. Retailer’s Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments. Mathematical Problems in Engineering No. 2018 (2018), pp.1-14.
https://search.emarefa.net/detail/BIM-1208644
American Medical Association (AMA)
Mishra, Umakanta& Tijerina-Aguilera, Jacobo& Tiwari, Sunil& Cárdenas-Barrón, Leopoldo Eduardo. Retailer’s Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments. Mathematical Problems in Engineering. 2018. Vol. 2018, no. 2018, pp.1-14.
https://search.emarefa.net/detail/BIM-1208644
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-1208644