Optimal times of price reductions for an inventory model with partial backorder and vertical shift demand
RAIRO - Operations Research (2007)
- Volume: 41, Issue: 1, page 35-47
- ISSN: 0399-0559
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topYou, Peng-Sheng. "Optimal times of price reductions for an inventory model with partial backorder and vertical shift demand." RAIRO - Operations Research 41.1 (2007): 35-47. <http://eudml.org/doc/250115>.
@article{You2007,
abstract = {
This paper investigates an inventory control problem where a firm orders and sells an inventory item
through discount strategy in a price sensitive market.
From the economic points of view, customers may expect a further price reduction when a firm uses
pricing promotion to stimulate demand, the demand curve may vertically shift down
when a firm reduces the selling price.
Taking these phenomena into account, this paper developed a continuous
inventory model for finding the ordering quantity, the number of pricing changing and times of price changes
simultaneously so as to maximize the total profit.
A solution procedure is developed for finding the optimal decision rules.
},
author = {You, Peng-Sheng},
journal = {RAIRO - Operations Research},
keywords = {Inventory; backorder; deterministic demand; multiple discounts.},
language = {eng},
month = {6},
number = {1},
pages = {35-47},
publisher = {EDP Sciences},
title = {Optimal times of price reductions for an inventory model with partial backorder and vertical shift demand},
url = {http://eudml.org/doc/250115},
volume = {41},
year = {2007},
}
TY - JOUR
AU - You, Peng-Sheng
TI - Optimal times of price reductions for an inventory model with partial backorder and vertical shift demand
JO - RAIRO - Operations Research
DA - 2007/6//
PB - EDP Sciences
VL - 41
IS - 1
SP - 35
EP - 47
AB -
This paper investigates an inventory control problem where a firm orders and sells an inventory item
through discount strategy in a price sensitive market.
From the economic points of view, customers may expect a further price reduction when a firm uses
pricing promotion to stimulate demand, the demand curve may vertically shift down
when a firm reduces the selling price.
Taking these phenomena into account, this paper developed a continuous
inventory model for finding the ordering quantity, the number of pricing changing and times of price changes
simultaneously so as to maximize the total profit.
A solution procedure is developed for finding the optimal decision rules.
LA - eng
KW - Inventory; backorder; deterministic demand; multiple discounts.
UR - http://eudml.org/doc/250115
ER -
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