Inventory model with pricing tactics for demand in auto-correlated products

被引:1
|
作者
Uthayakumar, Ramasamy [1 ]
Parvathi, P. [1 ]
机构
[1] Gandhigram Rural Univ, Dept Math, Gandhigram 624302, Tamil Nadu, India
关键词
Auto-correlated demand; Pricing tactics; Initial net inventory level; SHELF-SPACE ALLOCATION; SAFETY STOCK DETERMINATION; LEVEL-DEPENDENT DEMAND; LEAD TIMES; POLICIES; SYSTEM; ASSORTMENT;
D O I
10.1007/s00170-010-2755-7
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
It is commonly observed that the demand rates of many consumer goods are auto-correlated and are dependent on the selling price and amount of inventory displayed. The effects of dependency and auto-correlated demand are studied under a periodic review model. In this paper, an adaptive order-up-to policy based on the critical fractile is presented and a solution procedure is given. The numerical example illustrates the main characteristics of this model and the causes of this demand pattern on the safety stock.
引用
收藏
页码:833 / 840
页数:8
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