Optimal ordering quantities for substitutable products with stock-dependent demand
نویسندگان
چکیده
منابع مشابه
Optimal ordering quantities for substitutable deteriorating items under joint replenishment with cost of substitution
In this paper we develop an inventory model, to determine the optimal ordering quantities, for a set of two substitutable deteriorating items. In this inventory model the inventory level of both items depleted due to demands and deterioration and when an item is out of stock, its demands are partially fulfilled by the other item and all unsatisfied demand is lost. Each substituted item incurs a...
متن کاملOptimal Ordering Policy with Stock-Dependent Demand Rate under Permissible Delay in Payments
We develop an inventory model to determine optimal ordering policy under permissible delay in payment by considering demand rate to be stock dependent. Mathematical models are derived under two different cases: credit period being greater than or equal to cycle time for settling the account, and credit period being less than or equal to cycle time for settling the account. The results are illus...
متن کاملAn Optimal Ordering Policy for Inventory Model with Non-Instantaneous Deteriorating Items and Stock-Dependent Demand
In this paper we shall discuss with the optimal ordering policy for two warehouse inventory model of non-instantaneous deteriorating items and stock-dependent demand. Here shortage is not allowed. Here the holding and deteriorating costs in both warehouses are different and assumed that the holding cost in the RW(rented warehouse) than in the OW(owned warehouse) the optimal solution are shown. ...
متن کاملA note on: Optimal ordering policy for stock-dependent demand under progressive payment scheme
In a recent paper, Soni and Shah [Soni, H., Shah, N. H., 2008. Optimal ordering policy for stock-dependent demand under progressive payment scheme. European Journal of Operational Research 184, 91-100] developed a model to find the optimal ordering policy for a retailer with stock-dependent demand and a supplier that offers a progressive payment scheme to the retailer. This note corrects some e...
متن کاملAn optimal inventory pricing and ordering strategy subject to demand dependent on stock level and price
This article considers the deterministic singular optimal control problem of profit maximisation for inventory replenished at a variable rate and depleted by demand which is assumed to vary with price and stock availability. Optimal policies for the product order rate and price are derived using the maximum principle. Several initial inventory regions are identified as potential inventory state...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2015
ISSN: 0307-904X
DOI: 10.1016/j.apm.2014.05.016