This paper deals with the coordination of pricing and order quantity decisions for two seasonal and substitutable goods in one firm. We assume that the customers are price sensitive and they are willing to buy the cheaper products, which is known as one way and customers-based price driven substitution. First, a mathematical model is developed for one firm, which contains two replaceable produc...

In this paper, we deal with the problem of a fixed number of units of a certain perishable commodity over a continuous time horizon. Airline seats, hotel rooms, advertising space in newspapers, and some seasonal products that must be sold before the end of the season are examples of such commodities that cannot be carried over and are not storable for consumers. This paper considers such a prob...

We study the global optimal solution for a planning problem of inventory control of perishable products and non-stationary demand.

This paper develops EOQ-based models with perishable items to evaluate the impact of a form postponement strategy on the retailer in a supply chain. We formulate models for a postponement system and an independent system to minimize the total average cost function per unit time for ordering and keeping n perishable end-products. An algorithm is given to derive the optimal solutions of the propo...

This paper, considers Network Failure Manufacturing System (NFPMS) and production control policy of unreliable multi-machines, multi-products with perishable items. The production control policy is based on the Hedging Point Policy (HPP). The important point in the simulation of this system is assumed that the customers who receive perishable item are placed in priority queue of the customers w...

In many industrial settings, managers face the problem of establishing a pricing policy that maximizes the revenue from selling a given inventory of items by a fixed deadline, with the full inventory of items being available for sale from the beginning of the selling period. This problem arises in a variety of industries, including the sale of fashion garments, flight seats, and hotel rooms. We...

We present a two-commodity perishable stochastic inventory system under continuous review at a service facility with a finite waiting room. The maximum storage capacity for the i–th item is fixed as Si (i = 1, 2). We assume that a demand for the i–th commodity is of unit size. The arrival instants of customers to the service station constitutes a Poisson process with parameter λ. The customer d...