Retailer's joint ordering, pricing, and preservation technology investment policies for a deteriorating item under permissible delay in payments
type: Item
instance of: scholarly article
title: Retailer's joint ordering, pricing, and preservation technology investment policies for a deteriorating item under permissible delay in payments
zbMATH Open document ID: 1427.90023
DOI: 10.1155/2018/6962417
author: U. Mishra
author: Jacobo Tijerina-Aguilera
author: Sunil Tiwari
author: Leopoldo Eduardo Cárdenas-Barrón
published in: Mathematical Problems in Engineering
publication date: 2019-02-08T00:00:00Z
review text: Summary: This article develops an inventory model for deteriorating items with controllable deterioration rate (by using preservation technology) under trade credit policy. As in practical scenarios the demand of an item is directly associated with its selling price, keeping this in mind, it is assumed to be a price dependent demand. The main objective of the inventory model is to determine jointly the optimal ordering, pricing, and preservation technology investment policies for retailer so that the total profit is maximized. The effects of key parameters on optimal solution are studied through a sensitivity analysis with the aim of examining the behavior of the inventory model with controllable deterioration under the permissible delay in payments.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 90B06
zbMATH DE Number: 7019374
MaRDI profile type: Publication
full work available at URL: https://doi.org/10.1155/2018/6962417
OpenAlex ID: W2788282494
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description: scientific article; zbMATH DE number 7019374