Note on “Joint dynamic pricing and freshness-keeping effort strategy for perishable products with price-, freshness-, and stock-dependent demand”

Indrani Modak () and Bibhas C. Giri ()
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Indrani Modak: Jadavpur University
Bibhas C. Giri: Jadavpur University

OPSEARCH, 2025, vol. 62, issue 3, No 15, 1423-1433

Abstract: Abstract Recently Shi and You (J. Ind. Manage. Optim. 19(9):6572–6592, 2023) developed an inventory model with price and freshness dependent demand. However, after studying their model carefully, it is observed that some of their calculations were erroneous, thereby nullifying subsequent optimal pricing policy and numerical results. The current work aims at pointing the error out and rectifying it.

Keywords: Dynamic pricing; Freshness-keeping effort; Perishable products; Optimal control; Maximum principle (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s12597-024-00837-2

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