scholarly journals Optimal pricing and pre-sale policies for perishable product in an EOQ inventory model

IEEE Access ◽  
2019 ◽  
pp. 1-1
Author(s):  
Lianxia Zhao ◽  
Li Zhang ◽  
Jianxin You ◽  
Chunyan Duan.
Keyword(s):  
Inventory Model ◽  
Optimal Pricing ◽  
Perishable Product

scholarly journals Optimal pre-sale policy for deteriorating items

2022 ◽  
Vol 12 (1) ◽  
pp. 109
Author(s):  
Lianxia Zhao ◽  
Hui Qiao ◽  
Qi An
Keyword(s):  
Existence And Uniqueness ◽  
Numerical Experiments ◽  
Optimal Solution ◽  
Inventory Model ◽  
Economic Order Quantity ◽  
Optimal Pricing ◽  
Order Quantity ◽  
Stock Level ◽  
Pricing Decisions ◽  
Theoretical Results

<p style='text-indent:20px;'>Pre-sale policy is a frequently-used sales approach for deteriorating products, e.g, fruits, vegetables, seafood, etc. In this paper, we consider an EOQ inventory model under pre-sale policy for deteriorating products, in which the demand of pre-sale period depends on price and pre-sale horizon, and the demand of spot-sale period depends on the price and stock level. Optimal pricing decisions and economic order quantity are also provided. We compare pre-sale model with a benchmark inventory model in which all the products are sold in spot-sale period. Theoretical results are derived to show the existence and uniqueness of the optimal solution. Numerical experiments are carried out to to illustrate the theoretical results. And sensitivity analysis is conducted to identify conditions under which the pre-sale policy is better off than the spot-sale only policy.</p>

scholarly journals Generalized Economic Order Quantity Inventory Model using Brownian Motion in Food Production Planning

2020 ◽  
Vol 8 (4S5) ◽  
pp. 5-10
Keyword(s):  
Brownian Motion ◽  
Production Planning ◽  
Food Production ◽  
Inventory Model ◽  
Linear Functions ◽  
Purchasing Cost ◽  
Perishable Product ◽  
Pricing Decisions ◽  
System Solution ◽  
Procurement Price

The goal of this paper is to propose a Generalized EOQ inventory model, which combines Inventory replenishment and pricing decisions for perishable product in an Inventory model. The Stochastic Demandrequests for new and old items are derivedvia linear functions of their cost. The proposed solution obtains from the optimum system solution, such as food Procurement price, Shortage cost, Purchasing cost, Operational cost and Total costare reduced. A Mathematical model is introduced along with differential matrix to find optimal solutions for the Inventory method in food production planning. Numerical example and Sensitivity Analysis are explained in the proposed system. Brownian Motion are found from Cycle Length (L= 1.1 to 1.5). The Brownian Motionanalyses all the costs and plays a major part to reduce it further.

Sign in / Sign up

Export Citation Format

Share Document