Optimal Transfer-Ordering Strategy for a Deteriorating Inventory in Declining Market
Joint Authors
Source
International Journal of Mathematics and Mathematical Sciences
Issue
Vol. 2009, Issue 2009 (31 Dec. 2009), pp.1-15, 15 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2010-02-08
Country of Publication
Egypt
No. of Pages
15
Main Subjects
Abstract EN
The retailer's optimal procurement quantity and the number of transfers from the warehouse to the display area are determined when demand is decreasing due to recession and items in inventory are subject to deterioration at a constant rate.
The objective is to maximize the retailer's total profit per unit time.
The algorithms are derived to find the optimal strategy by retailer.
Numerical examples are given to illustrate the proposed model.
It is observed that during recession when demand is decreasing, retailer should keep a check on transportation cost and ordering cost.
The display units in the show room may attract the customer.
American Psychological Association (APA)
Shah, Nita H.& Shukla, Kunal T.. 2010. Optimal Transfer-Ordering Strategy for a Deteriorating Inventory in Declining Market. International Journal of Mathematics and Mathematical Sciences،Vol. 2009, no. 2009, pp.1-15.
https://search.emarefa.net/detail/BIM-477051
Modern Language Association (MLA)
Shah, Nita H.& Shukla, Kunal T.. Optimal Transfer-Ordering Strategy for a Deteriorating Inventory in Declining Market. International Journal of Mathematics and Mathematical Sciences No. 2009 (2009), pp.1-15.
https://search.emarefa.net/detail/BIM-477051
American Medical Association (AMA)
Shah, Nita H.& Shukla, Kunal T.. Optimal Transfer-Ordering Strategy for a Deteriorating Inventory in Declining Market. International Journal of Mathematics and Mathematical Sciences. 2010. Vol. 2009, no. 2009, pp.1-15.
https://search.emarefa.net/detail/BIM-477051
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-477051
