Optimizing Inventory and Pricing Policy for Seasonal Deteriorating Products with Preservation Technology Investment
Joint Authors
Source
Journal of Industrial Engineering
Issue
Vol. 2013, Issue 2013 (31 Dec. 2013), pp.1-7, 7 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2013-04-04
Country of Publication
Egypt
No. of Pages
7
Main Subjects
Engineering Sciences and Information Technology
Science
Abstract EN
The paper studies a kind of deteriorating seasonal product whose deterioration rate can be controlled by investing on the preservation efforts.
In contrast to previous studies, the paper considers the seasonal and deteriorating properties simultaneously.
A deteriorating inventory model is developed for this problem.
We also provide a solution procedure to find the optimal decisions about the preservation technology investment, the market price, and the ordering frequency.
Then a case study is used to illustrate the model and the solution procedure.
Finally, sensitive analysis of the optimal solution with respect to major parameters is carried out.
American Psychological Association (APA)
He, Yong& Huang, Hongfu. 2013. Optimizing Inventory and Pricing Policy for Seasonal Deteriorating Products with Preservation Technology Investment. Journal of Industrial Engineering،Vol. 2013, no. 2013, pp.1-7.
https://search.emarefa.net/detail/BIM-498589
Modern Language Association (MLA)
He, Yong& Huang, Hongfu. Optimizing Inventory and Pricing Policy for Seasonal Deteriorating Products with Preservation Technology Investment. Journal of Industrial Engineering No. 2013 (2013), pp.1-7.
https://search.emarefa.net/detail/BIM-498589
American Medical Association (AMA)
He, Yong& Huang, Hongfu. Optimizing Inventory and Pricing Policy for Seasonal Deteriorating Products with Preservation Technology Investment. Journal of Industrial Engineering. 2013. Vol. 2013, no. 2013, pp.1-7.
https://search.emarefa.net/detail/BIM-498589
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-498589