Optimal Policies for Perishable Items when Demand Depends on Freshness of Displayed Stock and Selling Price
نویسندگان
چکیده
منابع مشابه
Optimum Replenishment Policies for Time Decaying Items with Selling Price and Stock Dependent Demand
In the classical inventory it is assumed that all the costs associated with the inventory system remains constant over time. Since most decision makers think that the inflation does not have significant influence on the inventory policy and most of the inventory models developed so far does not include inflation and time value of money as parameters of the system. But due to large scale of infl...
متن کاملEOQ models for perishable items under stock dependent selling rate
This paper presents inventory models for perishable items with stock dependent selling rate. The selling rate is assumed to be a function of current inventory level and rate of deterioration is taken to be constant. Under instantaneous replenishment with zero lead time, the model incorporates aspects such as complete, partial, and no backlogging. EOQ is determined for maximizing the total profi...
متن کاملOptimal Inventory Policies when Purchase Price and Demand Are Stochastic
In this paper we consider the problem of a firm that faces a stochastic (Poisson) demand and must replenish from a market in which prices fluctuate, such as a commodity market. We describe the price evolution as a continuous stochastic process and we focus on commonly used processes suggested by the financial literature, such as the geometric Brownian motion and the Ornstein-Uhlenbeck process. ...
متن کاملAn EOQ Model for Perishable Items with Freshness-dependent Demand and Partial Backlogging
In this paper, we present an inventory model for perishable items with freshness-dependent demand rate and partial backlogging. Because the customers prefer to purchasing fresh items for given price, the demand rate is assumed to be decreasing in the age of the items. The existence and uniqueness of the optimal solution of the profit per unit time are examined although the profit function is no...
متن کاملAn Eoq Model for Perishable Items under Stock and Time-dependent Selling Rate with Shortages
ABSTRACT In this paper, we study a deterministic inventory model for deteriorating items under time-dependent partial backlogging. Though lot of factors involving inventory affect the demand, among them time and stock are the most important factors. Therefore, we consider here the combined stock and time varying demand to make the theory more applicable in practice. We study the effects time de...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Journal of Applied Science - Research and Review
سال: 2017
ISSN: 2394-9988
DOI: 10.21767/2394-9988.100060