Price-sensitive demand for perishable items - an EOQ model

被引:73
|
作者
Sana, Shib Sankar [1 ]
机构
[1] Univ Calcutta, Dept Math, Bhangar Mahavidyalaya, Kolkata 700073, W Bengal, India
关键词
Inventory; Price-sensitive demand; Deterioration; EOQ; Finite horizon; Profit; DETERIORATING ITEM; FINITE PRODUCTION; DEPENDENT DEMAND; INVENTORY MODEL; LOT-SIZE; POLICIES;
D O I
10.1016/j.amc.2010.12.113
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
This paper develops a finite time-horizon deterministic EOQ (Economic Order Quantity) model where the rate of demand decreases quadratically with selling price. Prices at different periods are considered as decision variables. The objective is to find the optimal ordering quantity and optimal sales prices that maximizes the vendor's total profit. The results are discussed with numerical examples. Sensitivity analysis of the optimal solution with respect to the key parameters of the system is carried out. (C) 2010 Elsevier Inc. All rights reserved.
引用
收藏
页码:6248 / 6259
页数:12
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