Determining optimal selling price and lot size with a varying rate of deterioration and exponential partial backlogging

European Journal of Operational Research

Volumn 181, Issue 2, 2007, Pages 668-678

  Dye, Chung Yuan ^a   Hsieh, Tsu Pang ^b   Ouyang, Liang Yuh ^b  

^a SHU TE UNIVERSITY   (Taiwan)

^b TAMKANG UNIVERSITY   (Taiwan)

Author keywords

Deterioration; EOQ; Partial backlogging; Pricing

Indexed keywords

ALGORITHMS; INDUSTRIAL MANAGEMENT; INVENTORY CONTROL; MATHEMATICAL MODELS; PUBLIC POLICY;

NEGATIVE EXPONENTIAL RATE; PARTIAL BACKLOGGING; SELLING PRICE;

COST ACCOUNTING;

EID: 33947249529     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2006.06.029     Document Type: Article

References (12)

1. Ghare P.M., and Schrader G.H. A model for exponentially decaying inventory system. International Journal of Production Research 21 (1963) 449-460
2. Covert R.B., and Philip G.S. An EOQ model with Weibull distribution deterioration. AIIE Transactions 5 (1973) 323-326
3. Philip G.C. A generalized EOQ model for items with Weibull distribution deterioration. AIIE Transactions 6 (1974) 159-162
4. Misra R.B. Optimum production lot size model for a system with deteriorating inventory. International Journal of Production Research 13 (1975) 495-505
5. Tadikamalla P.R. An EOQ inventory model for items with gamma distribution. AIIE Transactions 10 (1978) 108-112
6. Wee H.M. A replenishment policy for items with a price-dependent demand and a varying rate of deterioration. Production Planning & Control 8 (1997) 494-499
7. Chakrabarty T., Giri B.C., and Chaudhuri K.S. An EOQ model for items with Weibull distribution deterioration, shortages and trended demand: An extension of Philip's model. Computers and Operations Research 25 (1998) 649-657
8. Mukhopadhyay S., Mukherjee R.N., and Chaudhuri K.S. Joint pricing and ordering policy for a deteriorating inventory. Computers and Industrial Engineering 47 (2004) 339-349
9. Mukhopadhyay S., Mukherjee R.N., and Chaudhuri K.S. An EOQ model with two-parameter Weibull distribution deterioration and price-dependent demand. International Journal of Mathematical Education in Science and Technology 36 (2005) 25-33
10. Abad P.L. Optimal pricing and lot sizing under conditions of perishability and partial backordering. Management Science 42 (1996) 1093-1104
11. Abad P.L. Optimal price and order size for a reseller under partial backordering. Computers and Operations Research 28 (2001) 53-65
12. C.Y. Dye, Joint pricing and ordering policy for a deteriorating inventory with partial backlogging. Omega, in press.