Inventory policy for deteriorating seasonal products with price and ramp-type time dependent demand
Wang, Chuanxu1 ; Jiang, Liangkui2
1 School of Economics and Management, Shanghai Maritime University, Shanghai 201306, P.R. China
2 College of Arts and Science, Shanghai Maritime University, Shanghai 201306, P.R. China
RAIRO - Operations Research - Recherche Opérationnelle, Tome 49 (2015) no. 5, pp. 865-878.

In this paper, we investigate the problem of simultaneously determining the order quantity and optimal prices for deteriorating products with price and ramp-type time dependent demand. We assume that a retailer has the opportunity to adjust prices before the end of the sales season to increase demand, decrease deterioration, and improve revenues. A mathematical model is developed to jointly optimize the order quantity, time interval for any two successive price changes, and the corresponding prices. An algorithm is provided to find the optimal solution to the proposed model. Finally, we use a numerical example to verify the availability of this model.

Reçu le :
Accepté le :
DOI : 10.1051/ro/2015033
Classification : 65k05
Mots-clés : Deterioration, dynamic pricing, inventory, ramp-type time dependent demand
Wang, Chuanxu 1 ; Jiang, Liangkui 2

1 School of Economics and Management, Shanghai Maritime University, Shanghai 201306, P.R. China
2 College of Arts and Science, Shanghai Maritime University, Shanghai 201306, P.R. China 
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     title = {Inventory policy for deteriorating seasonal products with price and ramp-type time dependent demand},
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Wang, Chuanxu; Jiang, Liangkui. Inventory policy for deteriorating seasonal products with price and ramp-type time dependent demand. RAIRO - Operations Research - Recherche Opérationnelle, Tome 49 (2015) no. 5, pp. 865-878. doi : 10.1051/ro/2015033. http://www.numdam.org/articles/10.1051/ro/2015033/

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