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Information Journal Paper

Title

DEVELOPMENT OF PRICING MODEL FOR DETERIORATING ITEMS WITH CONSTANT DETERIORATION RATE CONSIDERING REPLACEMENT

Pages

  1-9

Abstract

 Choosing an appropriate inventory control policy and detrmining the optimal price for the items have always been one of the main topics of scientific research and industry. On the other hand, there are many products in the market whitch are classified as DETERIORATING ITEMS. Therefore, the problem of determining optimal price and inventory policies for these types of items are very important. In this paper a three-echelon SUPPLY CHAINs consisting of a manufacturer, a distributor and a retailer are considered. There is only a single type of item with constant deterioration. Demand is deterministic and replenishment is instantaneous. The purpose of this study is increasing the total profit by determining the optimum values of the product price (p) and ordering cycle (T) of distributor. Since the products are deteriorating, some part of the initial stored inventory is lost. Therefore, distributor disposes the spoiled items and replaces them with the same amount of sound items. The REPLACEMENT in the warehouse of the distributor is also instantaneous. Finally, numerical examples are presented to elaborate the model and sensitivity analysis performed on the values of some parameters.

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    APA: Copy

    TEIMOURY, E., & KAZEMI, S.M.M.. (2015). DEVELOPMENT OF PRICING MODEL FOR DETERIORATING ITEMS WITH CONSTANT DETERIORATION RATE CONSIDERING REPLACEMENT. ADVANCES IN INDUSTRIAL ENGINEERING (JOURNAL OF INDUSTRIAL ENGINEERING), 49(1), 1-9. SID. https://sid.ir/paper/166497/en

    Vancouver: Copy

    TEIMOURY E., KAZEMI S.M.M.. DEVELOPMENT OF PRICING MODEL FOR DETERIORATING ITEMS WITH CONSTANT DETERIORATION RATE CONSIDERING REPLACEMENT. ADVANCES IN INDUSTRIAL ENGINEERING (JOURNAL OF INDUSTRIAL ENGINEERING)[Internet]. 2015;49(1):1-9. Available from: https://sid.ir/paper/166497/en

    IEEE: Copy

    E. TEIMOURY, and S.M.M. KAZEMI, “DEVELOPMENT OF PRICING MODEL FOR DETERIORATING ITEMS WITH CONSTANT DETERIORATION RATE CONSIDERING REPLACEMENT,” ADVANCES IN INDUSTRIAL ENGINEERING (JOURNAL OF INDUSTRIAL ENGINEERING), vol. 49, no. 1, pp. 1–9, 2015, [Online]. Available: https://sid.ir/paper/166497/en

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