TY - JOUR
ID - 4449
TI - Pricing and Lot sizing of a Decaying item under Group Dispatching with Time-dependent Demand and Decay Rates
JO - Scientia Iranica
JA - SCI
LA - en
SN - 1026-3098
AU - Taleizadeh, Ata Allah
AU - Rasuli-Baghban, Arezu
AD - School of Industrial Engineering, College of Engineering, University of Tehran, Tehran, Iran
AD - Department of Industrial Engineering, Islamic, Azad University, South Tehran Branch
Y1 - 2018
PY - 2018
VL - 25
IS - 3
SP - 1656
EP - 1670
KW - Economic order quantity
KW - Economic lot sizing
KW - Pricing
KW - Inventory
KW - Deterioration
KW - Replenishment
KW - Group Dispatching
DO - 10.24200/sci.2017.4449
N2 - Determining appropriate inventory and pricing policies is an important issue in scientific and industrial researches. Here an inventory control model of a decaying item with zero lead time is studied. Two mathematical models under different assumptions are developed.In the first model deterioration rate is time-dependent and demand rate is price sensitive while in the second model deterioration rate is constant and demand rate is time- and price-dependent. Aim of this research is optimizing total cost by deriving decision variables such as dispatch cycle length, order quantity and wholesale price. To optimize the total cost a shipment group dispatching policy is used.
UR - http://scientiairanica.sharif.edu/article_4449.html
L1 - http://scientiairanica.sharif.edu/article_4449_516efb2cb04c9dfd8e04908af1019019.pdf
ER -