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引文資料
題名:
Optimal Inventory Management for Perishable Goods when The Demand Depends on Product Price, Inventory Age, and Displayed Inventory Level
書刊名:
International Journal of Operations Research
作者:
Dharma, Prayoga
/
Lin, Shi-woei
/
Lee, Chiang-sheng
出版日期:
2019
卷期:
16:3
頁次:
頁63-76
主題關鍵詞:
Economic order quantity
;
EOQ
;
Perishable goods
;
Price
;
Inventory age
;
Displayed inventory level
原始連結:
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相關次數:
被引用次數:期刊(
1
) 博士論文(0) 專書(0) 專書論文(0)
排除自我引用:
1
共同引用:0
點閱:6
While the demand for perishable goods continuously increases, factors such as price, age, and displayed inventory may simultaneously affect the demand for such goods and make the inventory management of perishable goods even more difficult. In this study, an economic order quantity (EOQ) model with demand as a multivariate function of product price, inventory age, and displayed inventory level was developed. Zero ending inventory assumption was also relaxed to better formulate the strategies that companies may use to boost the sale and profit. Three major decision variables (i.e., product price, ending inventory level, and inventory cycle time) were considered in order to maximize the total profit. Analytical results of this study demonstrated that the total profit is strictly pseudo-concave in the three decision variables, and thus reduce the search for solutions to a unique local maximum. Numerical examples to illustrate the theoretical results and to highlight managerial insights are also presented.
以文找文
期刊論文
1.
Mishra, B. K.、Raghunathan, S.(2004)。Retailer vs. vendor-managed inventory and brand competition。Management Science,50(4),445-457。
2.
Urban, T. L.(1992)。An Inventory Model with an Inventory-Level-Dependent Demand Rate and Relaxed Terminal Conditions。Journal of the Operational Research Society,43(7),721-724。
3.
Whitin, Thomson M.(1955)。Inventory Control and Price Theory。Management Science,2(1),61-68。
4.
Sarker, Bhaba R.、Mukherjee, Subhasis、Balan, Chidambaram V.(1997)。An order-level lot size inventory model with inventory-level dependent demand and deterioration。International Journal of Production Economics,48(3),227-236。
5.
Avinadav, T.、Herbon, A.、Spiegel, U.(2013)。Optimal inventory policy for a perishable item with demand function sensitive to price and time。International Journal of Production Economics,144(2),497-506。
6.
Gallego, G.、Van Rzin, G. J.(1994)。Optimal dynamic pricing of inventories with stochastic demand over finite horizons。Management Science,40(8),999-1020。
7.
Avinadav, T.、Herbon, A.、Spiegel, U.(2014)。Optimal ordering and pricing policy for demand functions that are separable into price and inventory age。International Journal of Production Economics,155,406-417。
8.
Baker, R.、Urban, T.(1988)。A deterministic inventory system with inventory dependent demand rate。Journal of Operational Research Society,39,823-831。
9.
Banerjee, S.、Meitei, N.(2010)。Effect of declining selling price: profit analysis for a single period inventory model with stochastic demand and lead time。Journal of Operational Research Society,61,696-704。
10.
Feng, L.、Chan, Y.、Cardernas-Barron, L.(2017)。Pricing and lot-sizing policies for perishable goods when the demand depends on selling price, displayed stocks, and expiration date。International Journal of Production Economics,185,11-20。
11.
Ladany, S.、Sternlieb, A.(1974)。The interaction of economic order quantities and marketing policies。AIIE Transactions,6,35-40。
12.
Lee, H.、Rosenblatt, M.(1986)。The effects of varying marketing policies and conditions on the economic order quantity。International Journal of Production Research,24,593-598。
13.
Wolfe, H.(1968)。A model for control of style merchandise。Industrial Management Review,9,69-82。
14.
Wu, J.、Chang, C.、Cheng, M.、Teng, J.、Al-khateeb, F.(2016)。Inventory management for fresh product when the time-varying demand depends on product freshness, stock level and expiration date。International Journal of System Science Operations and Logistics,3(3),138-147。
15.
Baker, R.、Urban, T.(1997)。Optimal Ordering and Pricing Policies in a Single-period Environment with Multivariate Demand and Markdowns。European Journal of Operational Research,103,573-583。
圖書
1.
Levin, R. I.、McLaughlin, C. P.、Lamone, R. P.、Koltas, J. F.(1972)。Productions/Operations Management: Contemporary Policy for Managing Operating Systems。New York, NY:McGraw-Hill。
2.
Cambini, A.、Martein, L.(2009)。Generalized Convexity and Optimization: Theory and Application。Springer-Verlag。
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