In this paper we develop an economic order quantity model to investigate the optimal replenishment policies for instantaneous deteriorating items under inflation and trade credit. Demand rate is a linear function of selling price and decreases negative exponentially with time over a finite planning horizon. Shortages are allowed and partially backlogged. Under these conditions, we model the ret...

We study optimal pricing in a single server queue when the customers valuation of service depends on their waiting time. In particular, we consider very general model, where customer valuations are random and sampled from distribution that length. The goal provider is to set dynamic state dependent prices order maximize its revenue, while also managing congestion. model problem as Markov decisi...