An inventory model for product of short cycle based on discount price and advance sales

This paper study inventory problem for perishable items of product of short life cycle under conditions that the supplier offers to discount price the retailer and the retailer adopt advance sales policies, in which demand is interrelated with price and time and deteriorating rate is a constant. Inv...

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Bibliographic Details
Published inProceedings of the 29th Chinese Control Conference pp. 1551 - 1554
Main Authors Zhou Youjun, Pan Yiqian, Cao Liang
Format Conference Proceeding
LanguageChinese
English
Published IEEE 01.07.2010
Subjects
Advance Sales
Analytical models
Discount Price
Electronic mail
Inventory Model
Marketing and sales
Numerical models
Perishable Items
Pricing
Resource management
Short Life Cycle of Product
Total Profit
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Summary:This paper study inventory problem for perishable items of product of short life cycle under conditions that the supplier offers to discount price the retailer and the retailer adopt advance sales policies, in which demand is interrelated with price and time and deteriorating rate is a constant. Inventory model for optimization of price is developed in the article and the purpose of the present paper is to maximize total profit. Existence of optimal solution for the proposed model is analyzed, and then steps of solving and numerical experiment are presented.
ISBN:1424462630
9781424462636
ISSN:1934-1768
2161-2927