Displaying similar documents to “Retailer’S Replenishment Policies Under Conditions of Permissible Delay in Payments”

Optimal times of price reductions for an inventory model with partial backorder and vertical shift demand

Peng-Sheng You (2007)

RAIRO - Operations Research

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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...