Joint pricing and inventory control for non-instantaneous deteriorating items with partial backlogging and time and price dependent demand

Maihami, Reza; Kamalabadi, Isa Nakhai

doi:10.1016/j.ijpe.2011.09.020

Cited by 205 publications

(70 citation statements)

References 17 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The present model aimed to find the lot size and sale price and the number of optimal replenishment as the current net value of the total profit is maximized. Maihami and Nakhai (2012) developed an inventory control model and pricing for deteriorating items with allowable shortage as backlogging. The study aimed to determine the optimal values for sale price, timing the replenishment and determining order quantity with the aim of maximizing total profit.…”

Section: Price-dependent Demandmentioning

confidence: 99%

Inventory control with deteriorating items: A state-of-the-art literature review

Khanlarzade¹,

Yegane²,

Kamalabadi³

et al. 2014

10.5267/j.ijiec

Self Cite

View full text Add to dashboard Cite

The present study reviews different studies on inventory control of deteriorating items in chain supply published over the period 1963-2013. The study investigates supply chain of the items in terms of various perspectives. Finally, the summary of the studies is shown in two tables for oneechelon and multi-echelon supply chain including the main information and assumptions of each paper. In the mentioned tables, the papers were classified in terms of the type of demand rate, deterioration rate, solution procedure and findings. It can be said that no analysis on the results was done in the present study and it can be only used as a good reference in the study field for other researchers.

show abstract

Section: Price-dependent Demandmentioning

confidence: 99%

Inventory control with deteriorating items: A state-of-the-art literature review

Khanlarzade¹,

Yegane²,

Kamalabadi³

et al. 2014

10.5267/j.ijiec

Self Cite

View full text Add to dashboard Cite

show abstract

“…We adopt the same example of Maihami and Nakhai (2012) to see the optimal inventory control policy and optimal selling price. The example is based on the following parameters and functions: .…”

Section: Examplementioning

confidence: 99%

“…Musa and Sani (2012) developed a mathematical model for inventory control of non-instantaneous deteriorating items with permissible delay in payments. Maihami and Nakhai (2012) developed a mathematical model for joint pricing and inventory control of non-instantaneous deteriorating item with partial backlogging, the unsatisfied demand being backlogged and the fraction of shortage backordered considered as…”

Section: Introductionmentioning

confidence: 99%

Pricing and inventory control policy for non-instantaneous deteriorating items with time- and price-dependent demand and partial backlogging

Farughi¹,

Khanlarzade²,

Yegane³

2014

10.5267/j.dsl

View full text Add to dashboard Cite

Determining the optimal inventory control and selling price for deteriorating items is of great significance. In this paper, a joint pricing and inventory control model for deteriorating items with price-and time-dependent demand rate and time-dependent deteriorating rate with partial backlogging is considered. The objective is to determine the optimal price, the replenishment time, and economic order quantity such that the total profit per unit time is maximized. After modeling the problem, an algorithm is proposed to solve the resulted problem. We also prove that the problem statement is concave function and the optimal solution is indeed global.

show abstract

“…The assumption of the traditional EOQ model has been relaxed from "sales prices are a given constant (fixed demand rate)" to "sales prices are a decision variable for dealers" [25,38,50,[57][58][59][60][61][62][63][64][65][66][67][68][69][70][71][72][73].…”

Section: Introductionmentioning

confidence: 99%

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Chen

2017

Journal of Food Quality

View full text Add to dashboard Cite

Although the safe consumption of goods such as food products, medicine, and vaccines is related to their freshness, consumers frequently understand less than suppliers about the freshness of goods when they purchase them. Because of this lack of information, apart from sales prices, consumers refer only to the manufacturing and expiration dates when deciding whether to purchase and how many of these goods to buy. If dealers could determine the sales price at each point in time and customers' intention to buy goods of varying freshness, then dealers could set an optimal inventory cycle and allocate a weekly sales price for each point in time, thereby maximizing the profit per unit time. Therefore, in this study, an economic order quality model was established to enable discussion of the optimal control of sales prices. The technique for identifying the optimal solution for the model was determined, the characteristics of the optimal solution were demonstrated, and the implications of the solution's sensitivity analysis were explained.

show abstract

Joint pricing and inventory control for non-instantaneous deteriorating items with partial backlogging and time and price dependent demand

Cited by 205 publications

References 17 publications

Inventory control with deteriorating items: A state-of-the-art literature review

Inventory control with deteriorating items: A state-of-the-art literature review

Pricing and inventory control policy for non-instantaneous deteriorating items with time- and price-dependent demand and partial backlogging

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Contact Info

Product

Resources

About