A deterministic inventory model for infinite time-horizon incorporating inventory level-dependent demand rate, deterioration begins after a certain time, partial backlogging and decrease in demand is developed. The salient feature of the developed model is the introduction of the concept of fractional decrease in demand due to ageing of inventory. Demand at any instant depends linearly on the ...

Motivated by the lack of microeconomic models that optimize time-dependent transit fares based on realistic demand formulations, this paper presents a model for design pricing scheme considering elastic and spatiotemporally distributed demand. To spatial distribution demand, line with multiple origin–destination pairs is considered. cyclical fluctuations, operations in one day are divided into ...