today, the effective inventory management plays an important role in the success of the organizations in the new business environment. it is not clearly possible for the organizations that store hundreds of inventory items to economically design an inventory management policy for each inventory item separately. moreover, various inventory items may play quite different roles in the business of ...

We consider the problem of determining the optimal ordering and reordering policy for an inventory where the entire stockwill simultaneously become obsolete at some (typically random) time, T . Manymanufacturing, publishing, distribution, and high tech businesses face the challenge of maintaining inventories that do not age in the conventional sense; instead, they suddenly become obsolete and l...

While developing the inventory model with shortages under permissible delay in payments, it has been observed in the literature that the researchers have not considered the fact that the retailer can earn interest on the revenue generated after fulfilling the outstanding demand as soon as he receives the new consignment at the start of the cycle. Owing to this fact, the present study investigat...

In this paper a deterministic inventory model is developed when the deterioration is constant. Demand rate is a function of selling price and holding cost is taken as time dependent. The model is solved allowing shortage in inventory. The results are solved with the help of numerical example by using Mathematica 5.1. The sensitivity analysis of the solution has done with the changes of the valu...

Motivated by the widespread adoption of dynamic pricing in industry and the empirical evidence of costly price adjustments, in this paper we consider a periodic-review inventory model with price adjustment costs that consist of both fixed and variable components. In each period, demand is stochastic and price-dependent. The firm needs to coordinate the pricing and inventory replenishment decisi...