Optimal Order Policy for Deteriorating Items with Time-Dependent Demand in Response to Temporary Price Discount Linked to Order Quantity
نویسندگان
چکیده
This paper presents the possible effects of a temporary price discount offered by a supplier on a retailer’s replenishment policy for deteriorating items with linear time dependent demand rate. The optimal ordered quantity of a special order policy for a selected case is obtained by maximizing the total cost saving between special and regular orders for the duration of the depletion time. An algorithm is given to find the optical solution. Numerical examples are used to illustrate the theoretical results. Truncated Taylor’s series is used for finding closed form optimal solution.
منابع مشابه
Optimal Order Policy for Time-Dependent Deteriorating Items in Response to Temporary Price Discount Linked to Order Quantity
In this paper, we discuss the possible effects of a temporary price discount offered by a supplier on a retailer’s replenishment policy for timedependent deteriorating items with constant demand rate. The optimal ordered quantity of a special order policy for a selected case is obtained by maximizing the total cost saving between special and regular orders for the duration of the depletion time...
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