The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle

Hachuła Piotr () and Schmeidel Ewa ()
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Hachuła Piotr: Institute of Logistics and Warehousing, Logistics Expertise Department, Estkowskiego 6, 61-755 Poznań, Poland
Schmeidel Ewa: University of Białystok, Institute of Mathematics, Ciołkowskiego 1M, 15-245 Białystok, Poland

Folia Oeconomica Stetinensia, 2016, vol. 16, issue 1, 208-221

Abstract: In the paper, the mathematical model of demand and inventory is studied from the perspective of its applications in real business cases. The model is formulated with three difference equations of first order. Three scenarios focused on the last phase of the product life cycle, a decline, are investigated and commented upon.

Keywords: demand; inventory; mathematical model; product life cycle; supply chain (search for similar items in EconPapers)
JEL-codes: C32 D24 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:16:y:2016:i:1:p:208-221:n:13

DOI: 10.1515/foli-2016-0013

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