Volume 28, Issue 2 (IJIEPR 2017)                   IJIEPR 2017, 28(2): 101-111 | Back to browse issues page

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Shah N, Vaghela C. Retailer’s replenishment and pricing decisions for non-instantaneous deterioration and price-dependent demand. IJIEPR 2017; 28 (2) :101-111
URL: http://ijiepr.iust.ac.ir/article-1-699-en.html
Retailer’s replenishment and pricing decisions for non-instantaneous deterioration and price-dependent demand
Nita Shah 1, Chetan Vaghela2
1- Gujarat University , nitahshah@gmail.com
2- Marwadi University
Abstract:   (5845 Views)

Abstract

            In this research, an integrated inventory model for non-instantaneous deteriorating items is analyzed when demand is sensitive to changes in price. The price used in this research is a time-dependent function of the initial selling price and the discount rate. To control the deterioration rate of items at the storage facility, investment in preservation technology is incorporated. To provide a general framework to the model, an arbitrary holding cost rate is used. Toward the end of the paper, a numerical case is given to approve the model and the impacts of the key parameters of the model are studied by sensitivity analysis to deduce managerial insights.

Keywords: Inventory, Non-instantaneous deterioration, Price-dependent demand, Variable holding cost, Dynamic pricing
Full-Text [PDF 774 kb]   (2099 Downloads)    
Type of Study: Research | Subject: Production Planning & Control
Received: 2016/11/28 | Accepted: 2017/07/12 | Published: 2017/07/15
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Creative Commons License This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.