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Retailer's Optimal Pricing and Ordering Policies for Non-Instantaneous Deteriorating Items with Price-Dependent Demand and Partial Backlogging
Joint Authors
Yang, Chih-Te
Ouyang, Liang-Yuh
Wu, Hsing-Han
Source
Mathematical Problems in Engineering
Issue
Vol. 2009, Issue 2009 (31 Dec. 2009), pp.1-18, 18 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2009-11-11
Country of Publication
Egypt
No. of Pages
18
Main Subjects
Abstract EN
An inventory system for non-instantaneous deteriorating items with price-dependent demand is formulated and solved.
A model is developed in which shortages are allowed and partially backlogged, where the backlogging rate is variable and dependent on the waiting time for the next replenishment.
The major objective is to determine the optimal selling price, the length of time in which there is no inventory shortage, and the replenishment cycle time simultaneously such that the total profit per unit time has a maximum value.
An algorithm is developed to find the optimal solution, and numerical examples are provided to illustrate the theoretical results.
A sensitivity analysis of the optimal solution with respect to major parameters is also carried out.
American Psychological Association (APA)
Yang, Chih-Te& Ouyang, Liang-Yuh& Wu, Hsing-Han. 2009. Retailer's Optimal Pricing and Ordering Policies for Non-Instantaneous Deteriorating Items with Price-Dependent Demand and Partial Backlogging. Mathematical Problems in Engineering،Vol. 2009, no. 2009, pp.1-18.
https://search.emarefa.net/detail/BIM-453868
Modern Language Association (MLA)
Yang, Chih-Te…[et al.]. Retailer's Optimal Pricing and Ordering Policies for Non-Instantaneous Deteriorating Items with Price-Dependent Demand and Partial Backlogging. Mathematical Problems in Engineering No. 2009 (2009), pp.1-18.
https://search.emarefa.net/detail/BIM-453868
American Medical Association (AMA)
Yang, Chih-Te& Ouyang, Liang-Yuh& Wu, Hsing-Han. Retailer's Optimal Pricing and Ordering Policies for Non-Instantaneous Deteriorating Items with Price-Dependent Demand and Partial Backlogging. Mathematical Problems in Engineering. 2009. Vol. 2009, no. 2009, pp.1-18.
https://search.emarefa.net/detail/BIM-453868
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-453868