# 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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