Replenishment Policy for Price Sensitive Demand

Retailer’s replenishment and pricing decisions for non-instantaneous deterioration and price-dependent demand

Abstract             In this research, an integrated inventory model for non-instantaneous deteriorating items is analyzed when demand is sensitive to changes in price. The price used in this research is a time-dependent function of the initial selling price and the discount rate. To control the deterioration rate of items at the storage...

TWO-PRICE POLICY FOR A NEWSVENDOR PRODUCT SUPPLY CHAIN WITH TIME AND PRICE SENSITIVE DEMAND by

Supply Chain Coordination using Different Modes of Transportation Considering Stochastic Price-Dependent Demand and Periodic Review Replenishment Policy

In this paper, an incentive scheme based on crashing lead time is proposed to coordinate a supplier-retailer supply chain (SC). In the investigated SC, the supplier applies a lot-for-lot replenishment policy to replenish its stock and determines the replenishment multiplier. Moreover, the transportation lead time is considered under the control of the supplier. The retailer as downstream member...

Purchasing Speculative Inventory for Price Sensitive Demand

The problem studied is one of buying and selling products cost efficiently over a number of periods in a finite horizon setting. Unit purchase costs vary across periods acording to some known distribution.and demand is deterministic but dependent on the price charged for the product. Thus, the problem becomes one of exploiting opportunities to “forward buy” and sell profitably in the face of co...

A two-level discount model for coordinating a decentralized supply chain considering stochastic price-sensitive demand

In this paper, a discount model is proposed to coordinate pricing and ordering decisions in a two-echelon supply chain (SC). Demand is stochastic and price sensitive while lead times are fixed. Decentralized decision making where downstream decides on selling price and order size is investigated. Then, joint pricing and ordering decisions are extracted where both members act as a single entity ...