An EOQ model for salesmen's initiatives, stock and price sensitive demand of similar products - A dynamical system

Applied Mathematics and Computation

Volumn 218, Issue 7, 2011, Pages 3277-3288

  Sana, Shib Sankar ^a  

^a UNIVERSITY OF CALCUTTA   (India)

Author keywords

Economic order quantity; Effort, stability; Selling price, stock, equilibrium

Indexed keywords

DEMAND RATES; ECONOMIC ORDER QUANTITY; EFFORT, STABILITY; EOQ MODELS; INVENTORY MODELS; OPTIMAL ORDER QUANTITY; PRICE-SENSITIVE DEMAND; PROFIT FUNCTION; SELLING PRICE, STOCK, EQUILIBRIUM; SELLING PRICES; STABILITY ANALYSIS; STOCK LEVEL; TIME VALUE OF MONEY;

ECONOMIC ANALYSIS; PROFITABILITY; SALES;

DYNAMICAL SYSTEMS;

EID: 80055003095     PISSN: 00963003     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.amc.2011.08.067     Document Type: Article

References (34)

1. R.I. Levin, C.P. McLaughlin, R.P. Lamone, and J.F. Kottas Productions Operations Management: Contemporary Policy for Managing Operating Systems 1972 McGraw-Hill New York
2. E.A. Silver, and R. Peterson Decision Systems for Inventory Management and Production Planning third ed. 1998 Wiley New York
3. R.C. Baker, and T.L. Urban Single-period inventory dependent demand models Omega 16 1988 605 615
4. S.K. Ghosh, and K.S. Chaudhuri An order level inventory model for a deteriorating item with two levels of storage stock-dependent demand Far East Journal of Applied Mathematics 15 2004 63 77
5. Y.W. Zhou, J. Min, and S.K. Goyal Supply chain coordination under an inventory-level-dependent demand rate International Journal of Production Economics 113 2008 518 527
6. H. Soni, and N.H. Shah Optimal ordering policy for stock-dependent demand under progressive payment scheme European Journal of Operational Research 184 2008 91 100
7. S.K. Goyal, and C.T. Chang Optimal ordering and transfer policy for an inventory with stock dependent demand European Journal of Operational Research 196 2009 177 185
8. T.P. Hsieh, and C.Y. Dye Optimal replenishment policy for perishable items with stock-dependent selling rate and capacity constraint Computers & Industrial Engineering 59 2010 251 258
9. J. Min, Y.W. Zhou, and J. Zhao An inventory model for deteriorating items under stock-dependent demand and two-level trade credit Applied Mathematical Modelling 34 2010 3273 3285
10. M.S. Sajadieh, A. Thorstenson, and M.R.K. Jokar An integrated vendor-buyer model with stock-dependent demand Transportation Research Part E 46 2010 963 974
11. T.L. Urban An inventory model with an inventory-level-dependent demand rate and relaxed terminal conditions Journal of the Operational Research Society 43 1992 721724
12. S. Pal, A. Goswami, and K.S. Chaudhuri A deterministic inventory model for deteriorating items with stock-dependent demand rate International Journal of Production Economics 32 1993 291 299
13. M. Goh EOQ models with general demand and holding cost functions European Journal of Operational Research 73 1994 50 54
14. G. Padmanabhan, and P. Vrat EOQ models for perishable items under stock dependent selling rate European Journal of Operational Research 86 1995 281 292
15. B.R. Sarker, S. Mukherjee, and C.V. Balan An order-level lot size inventory model with inventory level dependent demand and deterioration International Journal of Production Economics 48 1997 227 236
16. T.K. Datta, and K. Paul An inventory system with stock-dependent, price-sensitive demand rate Production Planning and Control 12 2001 13 20
17. Z.T. Balkhi, and L. Benkherouf On an inventory model for deteriorating items with stock dependent and time-varying demand Computers and Operations Research 31 2004 223 240
18. C.T. Chang Inventory models with stock-dependent demand and nonlinear holding costs for deteriorating items Asia-Pacific Journal of Operational Research 21 2004 435 446
19. K.L. Hou, and L.C. Lin An EOQ model for deteriorating items with price-and stock-dependent selling rate under inflation and time value of money International Journal of Systems Science 37 2006 1131 1139
20. J. Min, and Y.W. Zhou A perishable inventory model under stock-dependent selling rate and shortage-dependent partial backlogging with capacity constraint International Journal of Systems Science 40 2009 3 44
21. S.K. Goyal, and A. Gunasekaran An integrated production-inventory- marketing model for deteriorating items Computers & Industrial Engineering 28 1995 755 762
22. J.P. Dube Multiple discreteness and product differentiation: demand for carbonated soft drinks Marketing Science 23 2004 66 81
23. P.A. Naik, K. Raman, and R.S. Winer Planning marketing-mix strategies in the presence of interaction effects Marketing Science 24 2005 25 34
24. S. Divakar, B.T. Ratchford, and V. Shankar CHAN4CAST: a multichannel, multi-region sales forecasting model and decision support system for consumer packaged goods Marketing Science 24 2005 334 350
25. B. Sun Promotion effect on endogenous consumption Marketing Science 24 2005 430 443
26. U. Ramanathan, and L. Muyldermans Identifying demand factors for promotional planning and forecasting: A case of a soft drink company in the UK International Journal of Production Economics 128 2010 538 545
27. S.S. Sana, and K. Chaudhuri An inventory model for stock with advertising sensitive demand IMA Jouranl of Management Mathematics 19 2008 51 62
28. S.S. Sana Demand influenced by enterprises' initiatives - A multi-item EOQ model of deteriorating and ameliorating items Mathematical and Computer Modelling 52 2010 284 302
29. S.S. Sana Optimal selling price and lotsize with time varying deterioration and partial backlogging Applied Mathematics and Computation 217 2010 185 194
30. S. Khanra, S.K. Ghosh, and K.S. Chaudhuri An eoq model for a deteriorating item with time dependent quadratic demand under permissible delay in payments Applied Mathematics and Computation. 218 2011 1 9
31. J.A. Buzacott Economic order quantities with inflation Operational Research Quarterly 26 1975 553558
32. H. Bierman, and J. Thomas Inventory decisions under inflationary condition Decision Sciences 8 1977 151155
33. T.K. Datta, and A.K. Pal Effects of inflation and time-value of money on inventory model with linear time-dependent demand rate and shortages European Journal of Operational Research 52 1991 18
34. S. Bose, A. Goswami, and K.S. Chaudhuri An EOQ model for deteriorating items with linear time dependent demand rate and shortages under inflation and time discounting Journal of the Operational Research Society 46 1995 771782