Optimal dynamic pricing and replenishment policies for deteriorating items

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چکیده

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Optimal dynamic pricing and replenishment policies for deteriorating items

Article history: Received January 22 2014 Received in Revised Format June 6 2014 Accepted June 18 2014 Available online June 23 2014 Marketing strategies and proper inventory replenishment policies are often incorporated by enterprises to stimulate demand and maximize profit. The aim of this paper is to represent an integrated model for dynamic pricing and inventory control of deteriorating ite...

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Optimal pricing and replenishment policies for instantaneous deteriorating items with backlogging and trade credit under inflation

In this paper we develop an economic order quantity model to investigate the optimal replenishment policies for instantaneous deteriorating items under inflation and trade credit. Demand rate is a linear function of selling price and decreases negative exponentially with time over a finite planning horizon. Shortages are allowed and partially backlogged. Under these conditions, we model the ret...

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Pricing and Replenishment Policies for Imperfect Quality Deteriorating Items Under Inflation and Permissible Delay in Payments

Usually it is assumed that all items in a lot are of good quality, but in reality this assumption may not always be pertinent. Thus, the inspection of lots becomes essential in almost all organizations. Moreover, its role becomes more vital when the items are deteriorating in nature. Owing to this fact, this paper investigates the impact of initial inspection on retailer’s pricing and ordering ...

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ژورنال

عنوان ژورنال: International Journal of Industrial Engineering Computations

سال: 2014

ISSN: 1923-2926,1923-2934

DOI: 10.5267/j.ijiec.2014.6.002