Price determination for an EOQ model for deteriorating items under perfect competition

Mishra, S. S.; Mishra, Prem Prakash

doi:10.1016/j.camwa.2008.01.034

Cited by 25 publications

(7 citation statements)

References 24 publications

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“…1 is introduced, indicating that the transfer rate is nearly 100%. From this, the closer the market structure is to perfect competition, the stronger the marginal cost is transferred to the consumption capacity (Mishra and Mishra, 2008). In the context of the same marginal cost transfer rate in the country, it is evident that different market structures will lead to different product price effects.…”

Section: Theoretical Modelmentioning

confidence: 99%

Inhibition or promotion: the impact of carbon emission trading on market structure: evidence from China

Zhang,

2023

Front. Energy Res.

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Market structure serves as a crucial basis for government economic policies and the formulation of competitive strategies by businesses. It determines the formation of prices, the functioning of supply and demand relationships, the degree of competition, and exerts a significant influence on market economies. This paper first deduces the theoretical implications of carbon emissions trading on market structure and its regulating factors-based Theory of the Firm. It then utilizes the quasi-natural experiment of China’s pilot carbon emissions trading policy implemented in 2013, employing DID model, to empirically examine the policy effects and influencing mechanisms of carbon emissions trading on market structure. We find that carbon emissions trading policies can significantly inhibit market concentration and promote the development of market liberalization. This conclusion remains robust after a series of rigorous tests. Additionally, the analysis of dynamic effects reveals a noticeable lagged and incremental impact of carbon emissions trading policies on market structure. The negative adjustment of market concentration due to carbon emissions trading policies initiates in the policy’s starting year and gradually intensifies in the third phase. As expectations towards the policy stabilize, the negative adjustment decreases, and the short-term effects of carbon emissions trading policies are greater than the long-term effects. To verify the role of carbon emissions trading policies in influencing market structure during their implementation, a mechanism analysis based on cost and benefit perspectives is conducted. The results suggest that carbon emissions trading policies not only increase the environmental costs for industry-leading companies but also reduce the potential gains from market structure adjustments. Therefore, we propose promoting market competition, encouraging technological innovation, and strengthening transparency and regulation while considering differences in market structure. The findings of this paper provide new policy insights for promoting high-quality economic development and deepening market structure reforms in the context of the dual carbon goals.

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Section: Theoretical Modelmentioning

confidence: 99%

Inhibition or promotion: the impact of carbon emission trading on market structure: evidence from China

Zhang,

2023

Front. Energy Res.

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“…In the application of the model of perfect competition to inventory management, Mishra and Mishra (2008) analyzed and optimized a unit price of the inventory for the EOQ (The term product refers to both goods and services) (EOQ stands for "economic order quantity" and is referred to the amount of orders that minimizes total variable costs required to order and hold inventory) model under perfect competition by using revenue and marginal cost as parameters for optimization.…”

Section: Modern Understanding Of Perfect Competitionmentioning

confidence: 99%

Price-Value Potential for Near-Perfectly Competitive Markets

Aityan¹

2011

American Journal of Economics and Business Administration

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This study introduces price-value potential to be used instead of price for market analysis by analogy with free energy or thermodynamic potential in physics. A conservation principle is proposed for price-value potential. It is shown that price-value potential provides a constructive way for market analysis by identifying variation of equilibrium prices and quantities for different products in market equilibrium. A perturbation theory for a group of products with small differentiations on near-perfectly competitive markets was developed for illustration of the approach. The concept of price-value potential is illustrated in a simple example of a near-perfectly competitive market. It is shown that the equilibrium prices and quantities for products differ due to product differentiation that makes such an approach a constructive enhancement to the classical model of perfect competition.

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“…Soni and Shah [6] has developed an optimal order policy for stock dependent demand under progressive payment scheme. Mishra and Mishra [12] evaluated the price for an EOQ model for deteriorating items under perfect competition. Sakaguchi [20] has given a study of inventory system, in which demand follow the varying nature.…”

Section: Introductionmentioning

confidence: 99%

An Inventory Model with Time-Varying Demand and Comprehensive Cost

2024

IJFMR

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In this inventory model, we study the system for items with time varying demand. The deterioration of items is not considered here. The inventory level rate of change is given by the time and demand. Shortages are not allowed in this model. Holding cost, ordering cost are considered in this model. Our objective in this model is to evaluation of the total cost to maximize the objective of any industry. For validation of the model, the numerical example is also available which show the sensitivity of the cost with respect to variations in parameters.

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Price determination for an EOQ model for deteriorating items under perfect competition

Cited by 25 publications

References 24 publications

Inhibition or promotion: the impact of carbon emission trading on market structure: evidence from China

Inhibition or promotion: the impact of carbon emission trading on market structure: evidence from China

Price-Value Potential for Near-Perfectly Competitive Markets

An Inventory Model with Time-Varying Demand and Comprehensive Cost

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