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.