Replenishment and pricing policy for deteriorating items taking into account the time-value of money

被引:95
作者
Wee, HM [1 ]
Law, ST [1 ]
机构
[1] Chung Yuan Christian Univ, Dept Ind Engn, Chungli 32023, Taiwan
关键词
varying rate of deterioration; price-dependent demand; time-value of money;
D O I
10.1016/S0925-5273(00)00121-3
中图分类号
T [工业技术];
学科分类号
08 ;
摘要
A deteriorating inventory model taking into account the time-value of money is developed for a deterministic inventory system with price-dependent demand. This study applies the discounted cash flows (DCF) approach for problem analysis. A heuristic approach is presented to derive the near optimal replenishment and pricing policy that tries to maximize the total net present-value profit. A numerical example is implemented to illustrate the theory. (C) 2001 Elsevier Science B.V. All rights reserved.
引用
收藏
页码:213 / 220
页数:8
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