Retailer's Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments

Umakanta Mishra, Jacobo Tijerina-Aguilera, Sunil Tiwari, Leopoldo Eduardo Cárdenas-Barrón

Research output: Contribution to journalArticle

12 Citations (Scopus)

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.
Original languageEnglish
Article number6962417
Pages (from-to)1-14
Number of pages14
JournalMathematical Problems in Engineering
Volume2018
DOIs
Publication statusPublished - 2018

All Science Journal Classification (ASJC) codes

  • Mathematics(all)
  • Engineering(all)

Fingerprint Dive into the research topics of 'Retailer's Joint Ordering, Pricing, and Preservation Technology Investment Policies for a Deteriorating Item under Permissible Delay in Payments'. Together they form a unique fingerprint.

  • Cite this