scholarly journals Effect of Price Concession Strategy and Preservation Technology on Inventory Model for Decaying Products with Partial Backlogging and Price-Stock-Dependent Demand

Author(s):  
Lakshmi Narayan De ◽  
Piyali Mallick
Author(s):  
Vikas Kumar

Abstract: In this paper, we formulate a deteriorating inventory model with stock-dependent demand Moreover, it is assumed that the shortages are allowed and partially backlogged, depending on the length of the waiting time for the next replenishment. The objective is to find the optimal replenishment to maximizing the total profit per unit time. We then provide a simple algorithm to find the optimal replenishment schedule for the proposed model. Finally, we use some numerical examples to illustrate the model. Keywords- Inventory, Deteriorating items, Stock dependent demand, Partial backlogging


2017 ◽  
Vol 254 (1-2) ◽  
pp. 165-190 ◽  
Author(s):  
Umakanta Mishra ◽  
Leopoldo Eduardo Cárdenas-Barrón ◽  
Sunil Tiwari ◽  
Ali Akbar Shaikh ◽  
Gerardo Treviño-Garza

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