Optimal Pricing and Ordering Policies for Inventory System with Two-Level Trade Credits Under Price-Sensitive Trended Demand

Coordinated and Joint Ordering Policies for Two Commodity Inventory System

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...

An 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...

Inventory Model for Deteriorating Items with Quadratic Time Dependent Demand under Trade Credits

In this paper, an EOQ model is developed for a deteriorating item with quadratic time dependent demand rate under trade credit. Mathematical models are also derived under two different situations i.e. Case I; the credit period is less than the cycle time for settling the account and Case II; the credit period is greater than or equal to the cycle time for settling the account. The numerical exa...

Optimal Pricing and Lot Sizing Policy with Time-dependent Demand Rate under Trade Credits

Large number of researcher papers has been published for inventory lotsize models under trade credit financing by assuming that demand rate is constant. But demand rate is often not constant. During the growth stage of the product life cycle, the demand function increases with time. In this paper we extend the constant demand to timedependent demand. This paper derives the problem of determinin...