Developing two deteriorating inventory models with selling price dependant demand rate and cycle time dependant selling price
Haji, Alireza ; Haji, Rasoul and Sabahno, Hamed LU
(2007)
37th International Conference on Computers and Industrial Engineering 2007
In 37th International Conference on Computers and Industrial Engineering 2007
2.
p.1330-1339
- Abstract
In this paper we develop two models; the without shortages and the completely backlogging shortages with the price dependant demand rate under time value of money and inflation, finite time horizon and exponentially deterioration rate with the objective of maximizing the present worth of the total system profit. Using the dynamic programming method for each model, we are able to obtain different selling price, order quantity and cycle length for each cycle. We also use a proper numerical example to show accuracy of the solution procedures and to compare the results. This research and its results are unique and have never been concluded before.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/635f2ad9-eb51-4e36-8218-ffacf0773b64
- author
- Haji, Alireza
; Haji, Rasoul
and Sabahno, Hamed
LU
- publishing date
- 2007
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- Dynamic programming, Inventory control, Operations research
- host publication
- 37th International Conference on Computers and Industrial Engineering 2007
- series title
- 37th International Conference on Computers and Industrial Engineering 2007
- volume
- 2
- pages
- 10 pages
- conference name
- 37th International Conference on Computers and Industrial Engineering 2007
- conference location
- Alexandria, Egypt
- conference dates
- 2007-10-20 - 2007-10-23
- external identifiers
-
- scopus:84885987411
- ISBN
- 9781627486811
- language
- English
- LU publication?
- no
- id
- 635f2ad9-eb51-4e36-8218-ffacf0773b64
- alternative location
- https://www.scopus.com/record/display.uri?eid=2-s2.0-84885987411&origin=inward&txGid=0aecb9f1d3d8fda903803db44e8e8445
- date added to LUP
- 2025-03-20 12:27:30
- date last changed
- 2025-04-04 14:27:10
@inproceedings{635f2ad9-eb51-4e36-8218-ffacf0773b64,
abstract = {{<p>In this paper we develop two models; the without shortages and the completely backlogging shortages with the price dependant demand rate under time value of money and inflation, finite time horizon and exponentially deterioration rate with the objective of maximizing the present worth of the total system profit. Using the dynamic programming method for each model, we are able to obtain different selling price, order quantity and cycle length for each cycle. We also use a proper numerical example to show accuracy of the solution procedures and to compare the results. This research and its results are unique and have never been concluded before.</p>}},
author = {{Haji, Alireza and Haji, Rasoul and Sabahno, Hamed}},
booktitle = {{37th International Conference on Computers and Industrial Engineering 2007}},
isbn = {{9781627486811}},
keywords = {{Dynamic programming; Inventory control; Operations research}},
language = {{eng}},
pages = {{1330--1339}},
series = {{37th International Conference on Computers and Industrial Engineering 2007}},
title = {{Developing two deteriorating inventory models with selling price dependant demand rate and cycle time dependant selling price}},
url = {{https://www.scopus.com/record/display.uri?eid=2-s2.0-84885987411&origin=inward&txGid=0aecb9f1d3d8fda903803db44e8e8445}},
volume = {{2}},
year = {{2007}},
}