Inventory model for instant deteriorating items with seasonal price and time dependent ramp type demand

Ashish Sharma, Mukesh Kumar and Amit Kumar Saraswat

International Journal of Procurement Management, 2020, vol. 13, issue 5, 653-664

Abstract: In real life, deteriorating items are considered as the high profit products due to seasonal behaviour in demand. Another observation for the demand is the dependency over price as well as time. Many seasonal items have single opportunity of replenishment and the replenished inventory is used for successive number of demand seasons. In this paper, simultaneous procurement and pricing policies are considered for the seasonal deteriorating items with ramp type, price and time dependent demand rate. Time dependent partial backlogging is considered. Managerial insights are extracted from analytical results, numerical example and sensitivity analysis.

Keywords: inventory; deterioration; demand; product life cycle; pricing; time dependent partial backlogging. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=110080 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpman:v:13:y:2020:i:5:p:653-664

Access Statistics for this article

More articles in International Journal of Procurement Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().