10.1155/2018/6962417Mathematical Problems in Engineering2018696241

Jacobo Tijerina-Aguilera

Leopoldo Eduardo Cárdenas-Barrón

Sunil Tiwari

Umakanta Mishra

Mathematical Problems in Engineering

This article develops an inventory model for deteriorating items with controllable deterioration rate (by using preservation technology) under trade credit policy. As in practical scenarios the demand of an item is directly associated with its selling price, keeping this in mind, it is assumed to be a price dependent demand. The main objective of the inventory model is to determine jointly the optimal ordering, pricing, and preservation technology investment policies for retailer so that the total profit is maximized. The effects of key parameters on optimal solution are studied through a sensitivity analysis with the aim of examining the behavior of the inventory model with controllable deterioration under the permissible delay in payments

Directory of Open Access Journals

Retailer’s Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments

This article develops an inventory model for deteriorating items with controllable deterioration rate (by using preservation technology) under trade credit policy. As in practical scenarios the demand of an item is directly associated with its selling price, keeping this in mind, it is assumed to be a price dependent demand. The main objective of the inventory model is to determine jointly the optimal ordering, pricing, and preservation technology investment policies for retailer so that the total profit is maximized. The effects of key parameters on optimal solution are studied through a sensitivity analysis with the aim of examining the behavior of the inventory model with controllable deterioration under the permissible delay in payments.</jats:p

Crossref

Mishra, U

Tijerina-Aguilera, J

Tiwari, S

Cárdenas-Barrón, L.E

ScholarBank@NUS

Retailer's Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments

http://downloads.hindawi.com/journals/mpe/2018/6962417.pdf

Retailer’s Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments

Abstract

Similar works

Full text

Available Versions

Directory of Open Access Journals

Crossref

ScholarBank@NUS