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International Journal of Nonlinear Analysis and Applications، جلد ۱۲، شماره ۲، صفحات ۲۴۹-۲۶۴
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عنوان انگلیسی Optimal pricing policy for stock dependent demand with effective investment in preservation technology
چکیده انگلیسی مقاله In this paper, we suggested an optimal pricing policy for deteriorating items. To reduce the rate of deterioration, we apply a preservation technology and calculate the optimal preservation technology investment. The demand function is dependent on time, stock and selling price. Shortages are allowed in our consideration, and two cases are studied, first complete back-ordering and the second one is partially back-ordering. Our main objective is to find the optimal cycle length, ordering frequency the optimal preservation technology investment and the optimal selling price that maximizes the total profit. This model proves that the total profit is a concave function of the selling price, ordering frequency, preservation technology investment and time cycle. Numerical examples are provided to illustrate the features and advances of the model. A sensitivity analysis is performed in order to assess the stability of the proposed model.
کلیدواژه‌های انگلیسی مقاله Dynamic pricing, Time and stock dependent demand, Preservation technology investment. Controllable deterioration rate, Optimization
نویسندگان مقاله Ram Kumar Tiwari |
Department of Mathematics and Statistics, Dr. Harisingh Gour Vishwavidyalaya, Sagar M.P. India (A Central University)

Nishant Kumar Khedlekar |
Department Management Studies(DOM), Indian Institute of Technology(IIT), Madras, India

Uttam Kumar Khedlekar |
Department of Mathematics and Statistics, Dr. Harisingh Gour Vishwavidyalaya, Sagar M.P. India (A Central University)

نشانی اینترنتی https://ijnaa.semnan.ac.ir/article_5033_081770b0777ab992c54b6d0681cba0ae.pdf
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