Artikel
Joint pricing, inventory, and preservation decisions for deteriorating items with stochastic demand and promotional efforts
This study models a joint pricing, inventory, and preservation decision-making problem for deteriorating items subject to stochastic demand and promotional effort. The generalized price-dependent stochastic demand, time proportional deterioration, and partial backlogging rates are used to model the inventory system. The objective is to find the optimal pricing, replenishment, and preservation technology investment strategies while maximizing the total profit per unit time. Based on the partial backlogging and lost sale cases, we first deduce the criterion for optimal replenishment schedules for any given price and technology investment cost. Second, we show that, respectively, total profit per time unit is concave function of price and preservation technology cost. At the end, some numerical examples and the results of a sensitivity analysis are used to illustrate the features of the proposed model.
- Sprache
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Englisch
- Erschienen in
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Journal: Journal of Industrial Engineering International ; ISSN: 2251-712X ; Volume: 14 ; Year: 2018 ; Issue: 4 ; Pages: 831-843 ; Heidelberg: Springer
- Klassifikation
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Management
- Thema
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Pricing
Inventory
Preservation technology investment
Promotion
- Ereignis
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Geistige Schöpfung
- (wer)
-
Soni, Hardik N.
Chauhan, Ashaba D.
- Ereignis
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Veröffentlichung
- (wer)
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Springer
- (wo)
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Heidelberg
- (wann)
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2018
- DOI
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doi:10.1007/s40092-018-0265-7
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Soni, Hardik N.
- Chauhan, Ashaba D.
- Springer
Entstanden
- 2018
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