Please use this identifier to cite or link to this item: https://doi.org/10.1155/2018/6962417
Title: Retailer's Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments
Authors: Mishra, U
Tijerina-Aguilera, J
Tiwari, S 
Cárdenas-Barrón, L.E
Keywords: Costs
Deterioration
Inventory control
Investments
Sales
Sensitivity analysis
Deteriorating items
Deterioration rates
Inventory modeling
Optimal solutions
Permissible delay in payments
Preservation technologies
Price dependent demand
Trade credit policies
Economics
Issue Date: 2018
Publisher: Hindawi Limited
Citation: Mishra, U, Tijerina-Aguilera, J, Tiwari, S, Cárdenas-Barrón, L.E (2018). Retailer's Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments. Mathematical Problems in Engineering 2018 : 6962417. ScholarBank@NUS Repository. https://doi.org/10.1155/2018/6962417
Rights: Attribution 4.0 International
Abstract: 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. © 2018 Umakanta Mishra et al.
Source Title: Mathematical Problems in Engineering
URI: https://scholarbank.nus.edu.sg/handle/10635/179065
ISSN: 1024123X
DOI: 10.1155/2018/6962417
Rights: Attribution 4.0 International
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