EOQ Formula under Varying Marketing Policies and Conditions

Subramanyam, E. Sankara; Kumaraswamy, Sumathi

doi:10.1080/05695558108974567

Cited by 69 publications

(22 citation statements)

References 1 publication

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“…Arcelus [6] allowed for a one-time discount in the model, and Abad [3] considered a problem with partial backlogging based on the impatience of customers in relationship to the waiting time. Other papers in this area include [1], [24], [93], [123], [131], and [133].…”

Section: 22mentioning

confidence: 99%

Coordination of Pricing and Inventory Decisions: A Survey and Classification

Chan

Shen

Simchi‐Levi

et al. 2004

International Series in Operations Research &Amp; Management Science

215

123

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Section: 22mentioning

confidence: 99%

Coordination of Pricing and Inventory Decisions: A Survey and Classification

Chan

Shen

Simchi‐Levi

et al. 2004

International Series in Operations Research &Amp; Management Science

215

123

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“…Ladany and Sternleib (1974) discussed the effect of price variation on demand and consequently on EOQ. Subramanyam and Kumaraswamy (1981), Urban (1992), and Goyal and Gunasekaran (1995) developed inventory models incorporating the effect of price variations and advertisement on demand. Pal et al (2004) framed a marketing-oriented inventory model with three-component demand rate dependent on displayed stock level.…”

Section: Introductionmentioning

confidence: 99%

Two-warehouse inventory model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation

Palanivel

Uthayakumar

2017

IJOR

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Abstract:In this paper, two-warehouse economic order quantity (EOQ) model for non-instantaneous deteriorating items with permissible delay in payments under the effect of inflation and time value of money is presented in which the demand is considered as a deterministic function of selling price and advertisement cost. Also in this model, shortages are allowed and partially backlogged. The backlogging rate is dependent on the waiting time for the next replenishment. This model aids in minimising the total inventory cost by finding the optimal intervals and the optimal order quantity. Furthermore, numerical examples are provided to illustrate the proposed model, sensitivity analysis of the optimal solutions with respect to major parameters is carried out and some managerial inferences are obtained. To his credit, he has published many research articles in the area of inventory management and supply chain in the reputed international journals. Moreover, he is guiding many scholars in the above said areas. Keywords

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“…However, they did not consider the effect of advertisement. Subramanyam and Kumaraswamy (1981) considered an EOQ formula under varying marketing policies and conditions. Then, Urban (1992) extended it for a model of deterministic inventories by incorporating marketing decisions.…”

Section: Introductionmentioning

confidence: 99%

A non-instantaneous inventory model having different deterioration rates with stock and price dependent demand under partially backlogged shortages

Mashud¹,

Khan²,

Uddin³

et al. 2018

10.5267/j.uscm

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This study is an inventory model with consideration of price, stock dependent demand, partially backlogged shortages, and two constant deterioration rates. In this model, demand function depends on price and stock while during the shortage time, demand depends only on price of the product. The deterioration is taken into account as a non-instantaneous, once the item is stocked in retailer's house, any time deterioration can start with a constant rate for a certain period, then this deterioration rate increases. Shortages are allowed and it is partially backlogged. The corresponding inventory problem constitutes a non-linear constraint optimization problem. Here this problem has been solved using Lingo 15 software and also give 3D graph with the help of MATLAB2010a to show the convexity of the objective function. Finally, to illustrate and validate the inventory model, a numerical example is used considering fixed price. To study the effect of changes of different inventory parameters, a sensitivity analysis has been carried out changing one parameter at a time holding other parameters unchanged.

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EOQ Formula under Varying Marketing Policies and Conditions

Cited by 69 publications

References 1 publication

Coordination of Pricing and Inventory Decisions: A Survey and Classification

Coordination of Pricing and Inventory Decisions: A Survey and Classification

Two-warehouse inventory model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation

A non-instantaneous inventory model having different deterioration rates with stock and price dependent demand under partially backlogged shortages

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