An EOQ model with deteriorating items and self-selection constraints

被引:0
|
作者
Mehmet Önal
O. Erhun Kundakcioglu
Smita Jain
机构
[1] Ozyegin University,Department of Industrial Engineering
[2] University of Houston,Department of Industrial Engineering
[3] Owner Services,undefined
[4] Wyndham Destinations,undefined
来源
Optimization Letters | 2020年 / 14卷
关键词
Cannibalization; Price markdown; Deterioration;
D O I
暂无
中图分类号
学科分类号
摘要
In this paper, we consider a store that sells two vertically differentiated items that might substitute each other. These items do not only differ in quality and price, but they also target two different customer segments. Items deteriorate over time and might require price adjustments to avoid cannibalization. We provide closed-form solutions for pricing and ordering of these items that lead to key managerial insights.
引用
收藏
页码:1491 / 1518
页数:27
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