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Optimal investment-consumption problem with constraint
Pricing and replenishment strategy for a multi-market deteriorating product with time-varying and price-sensitive demand
1. | Marketing and Logistics Management Department, St. John’s University, Tamsui, Taipei 25135, Taiwan |
2. | Industrial and Systems Engineering Department, Chung Yuan Christian University, Chungli, 32023, Taiwan |
3. | Information Management Department, St. John’s University, Tamsui, Taipei 25135, Taiwan |
4. | Industrial Engineering and Management Department, St. John’s University, Tamsui, Taipei 25135, Taiwan |
References:
[1] |
Z. T. Balkhi and L. Benkherouf, A production lot size inventory model for deteriorating items and arbitrary production and demand rates, European Journal of Operational Research, 92 (1996), 302-309.
doi: 10.1016/0377-2217(95)00148-4. |
[2] |
H. J. Chang, J. T. Teng, L. Y. Ouyang and C. Y. Dye, Retailer's optimal pricing and lot sizing policies for deteriorating items with partial backlogging, European Journal of Operational Research, 168 (2006), 51-64.
doi: 10.1016/j.ejor.2004.05.003. |
[3] |
P. M. Ghare and S. F. Schrader, A model for exponentially decaying inventory, Journal of Industrial Engineering, 14 (1963), 238-243. |
[4] |
Y. He, S. Y. Wang and K. K. Lai, An optimal production-inventory model for deteriorating items with multiple-market demand, European Journal of Operational Research, 203 (2010), 593-600.
doi: 10.1016/j.ejor.2009.09.003. |
[5] |
S. Kang and I. Kim, A study on the price and production level of the deteriorating inventory system, International Journal of Production Research, 21 (1983), 449-460.
doi: 10.1080/00207548308942422. |
[6] |
M. Khouja, The effect of large order quantities on expected profit in the single-period model, International Journal of Production Economics, 72 (2001), 227-235.
doi: 10.1016/S0925-5273(00)00150-X. |
[7] |
P. Kouvelis and G. J. Gutierrez, The newsvendor problem in a global market: Optimal centralized and decentralized control policies for a two-market stochastic inventory system, Management Science, 43 (1997), 571-585.
doi: 10.1287/mnsc.43.5.571. |
[8] |
S. X. Li, Z. Hung and A. Ashley, Inventory channel coordination and bargaining in a manufacturer-retailer system, Annals of Operations Research, 68 (1996), 47-60.
doi: 10.1007/BF02205448. |
[9] |
W. Luo and L. Chen, Approximation schemes for scheduling a maintenance and linear deteriorating jobs, Journal of Industrial and Management Optimization, 8 (2012), 271-283.
doi: 10.3934/jimo.2012.8.271. |
[10] |
K. L. Mak, A production lot size inventory model for deteriorating items, Computers & Industrial Engineering, 6 (1982), 309-317.
doi: 10.1016/0360-8352(82)90009-2. |
[11] |
S. K. Manna and K. S. Chaudhuri, An EOQ model with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages, European Journal of Operational Research, 171 (2006), 557-566.
doi: 10.1016/j.ejor.2004.08.041. |
[12] |
S. Papachristos and K. Skouri, An optimal replenishment policy for deteriorating items with time-varying demand and partial-exponential, Operations Research Letters, 27 (2000), 175-184.
doi: 10.1016/S0167-6377(00)00044-4. |
[13] |
F. Raafat, P. M. Wolfe and H. K. Eldin, An inventory model for deteriorating items, Computers & Industrial Engineering, 20 (1991), 89-94.
doi: 10.1016/0360-8352(91)90043-6. |
[14] |
H. M. Wee, Economic production lot size model for deteriorating items with partial back-ordering, Computers & Industrial Engineering, 24 (1993), 449-458.
doi: 10.1016/0360-8352(93)90040-5. |
[15] |
H. M. Wee, Joint pricing and replenishment policy for deteriorating inventory with declining market, International Journal of Production Economics, 40 (1995), 163-171.
doi: 10.1016/0925-5273(95)00053-3. |
[16] |
H. M. Wee and J. F. Jong, An integrated multi-lot-size production inventory model for deteriorated items, Management & System, 5 (1998), 97-114.
doi: 10.1016/j.cor.2005.01.006. |
[17] |
Z. K. Weng, Modeling quantity discount under general price-sensitive demand functions: Optimal policies and relations, European Journal of Operational Research, 86 (1995), 300-314. |
[18] |
Z. K. Weng and R. T. Wong, General models for the supplier's all-unit quantity discount policy, Navel Research Logistics, 40 (1993), 971-991.
doi: 10.1002/1520-6750(199312)40:7<971::AID-NAV3220400708>3.0.CO;2-T. |
[19] |
K. S. Wu, L. Y. Ouyang and C. T. Yang, An optimal replenishment policy for non-instantaneous deteriorating items with stock-dependent demand and partial backlogging, International Journal of Production Economics, 101 (2006), 369-384.
doi: 10.1016/j.ijpe.2005.01.010. |
[20] |
P. C. Yang and H. M. Wee, An integrated multi-lot size inventory model for deteriorating items, Computers & Operations Research, 30 (2003), 671-682.
doi: 10.1016/S0305-0548(02)00032-1. |
[21] |
P. C. Yang and H. M. Wee, A win-win strategy for an integrated vendor-buyer deteriorating inventory system, Mathematical Modelling and Analysis, 11 (2006), 105-116. |
[22] |
P. C. Yang, H. M. Wee, S. L. Chung and P. C. Ho, Sequential and global optimization for a closed-loop deteriorating inventory supply chain, Mathematical and Computer Modelling, 52 (2010), 161-176.
doi: 10.1016/j.mcm.2010.02.005. |
[23] |
P. C. Yang, H. M. Wee, B. S. Liu and O. K. Fong, Mitigating hi-tech products risks due to rapid technological innovation, Omega, International Journal of Management Science, 39 (2011), 456-463.
doi: 10.1016/j.omega.2010.09.007. |
[24] |
J. C. P. Yu, H. M. Wee and K. J. Wang, Supply chain partnership for three-echelon deteriorating inventory model, Journal of Industrial and Management Optimization, 5 (2008), 827-842.
doi: 10.3934/jimo.2008.4.827. |
show all references
References:
[1] |
Z. T. Balkhi and L. Benkherouf, A production lot size inventory model for deteriorating items and arbitrary production and demand rates, European Journal of Operational Research, 92 (1996), 302-309.
doi: 10.1016/0377-2217(95)00148-4. |
[2] |
H. J. Chang, J. T. Teng, L. Y. Ouyang and C. Y. Dye, Retailer's optimal pricing and lot sizing policies for deteriorating items with partial backlogging, European Journal of Operational Research, 168 (2006), 51-64.
doi: 10.1016/j.ejor.2004.05.003. |
[3] |
P. M. Ghare and S. F. Schrader, A model for exponentially decaying inventory, Journal of Industrial Engineering, 14 (1963), 238-243. |
[4] |
Y. He, S. Y. Wang and K. K. Lai, An optimal production-inventory model for deteriorating items with multiple-market demand, European Journal of Operational Research, 203 (2010), 593-600.
doi: 10.1016/j.ejor.2009.09.003. |
[5] |
S. Kang and I. Kim, A study on the price and production level of the deteriorating inventory system, International Journal of Production Research, 21 (1983), 449-460.
doi: 10.1080/00207548308942422. |
[6] |
M. Khouja, The effect of large order quantities on expected profit in the single-period model, International Journal of Production Economics, 72 (2001), 227-235.
doi: 10.1016/S0925-5273(00)00150-X. |
[7] |
P. Kouvelis and G. J. Gutierrez, The newsvendor problem in a global market: Optimal centralized and decentralized control policies for a two-market stochastic inventory system, Management Science, 43 (1997), 571-585.
doi: 10.1287/mnsc.43.5.571. |
[8] |
S. X. Li, Z. Hung and A. Ashley, Inventory channel coordination and bargaining in a manufacturer-retailer system, Annals of Operations Research, 68 (1996), 47-60.
doi: 10.1007/BF02205448. |
[9] |
W. Luo and L. Chen, Approximation schemes for scheduling a maintenance and linear deteriorating jobs, Journal of Industrial and Management Optimization, 8 (2012), 271-283.
doi: 10.3934/jimo.2012.8.271. |
[10] |
K. L. Mak, A production lot size inventory model for deteriorating items, Computers & Industrial Engineering, 6 (1982), 309-317.
doi: 10.1016/0360-8352(82)90009-2. |
[11] |
S. K. Manna and K. S. Chaudhuri, An EOQ model with ramp type demand rate, time dependent deterioration rate, unit production cost and shortages, European Journal of Operational Research, 171 (2006), 557-566.
doi: 10.1016/j.ejor.2004.08.041. |
[12] |
S. Papachristos and K. Skouri, An optimal replenishment policy for deteriorating items with time-varying demand and partial-exponential, Operations Research Letters, 27 (2000), 175-184.
doi: 10.1016/S0167-6377(00)00044-4. |
[13] |
F. Raafat, P. M. Wolfe and H. K. Eldin, An inventory model for deteriorating items, Computers & Industrial Engineering, 20 (1991), 89-94.
doi: 10.1016/0360-8352(91)90043-6. |
[14] |
H. M. Wee, Economic production lot size model for deteriorating items with partial back-ordering, Computers & Industrial Engineering, 24 (1993), 449-458.
doi: 10.1016/0360-8352(93)90040-5. |
[15] |
H. M. Wee, Joint pricing and replenishment policy for deteriorating inventory with declining market, International Journal of Production Economics, 40 (1995), 163-171.
doi: 10.1016/0925-5273(95)00053-3. |
[16] |
H. M. Wee and J. F. Jong, An integrated multi-lot-size production inventory model for deteriorated items, Management & System, 5 (1998), 97-114.
doi: 10.1016/j.cor.2005.01.006. |
[17] |
Z. K. Weng, Modeling quantity discount under general price-sensitive demand functions: Optimal policies and relations, European Journal of Operational Research, 86 (1995), 300-314. |
[18] |
Z. K. Weng and R. T. Wong, General models for the supplier's all-unit quantity discount policy, Navel Research Logistics, 40 (1993), 971-991.
doi: 10.1002/1520-6750(199312)40:7<971::AID-NAV3220400708>3.0.CO;2-T. |
[19] |
K. S. Wu, L. Y. Ouyang and C. T. Yang, An optimal replenishment policy for non-instantaneous deteriorating items with stock-dependent demand and partial backlogging, International Journal of Production Economics, 101 (2006), 369-384.
doi: 10.1016/j.ijpe.2005.01.010. |
[20] |
P. C. Yang and H. M. Wee, An integrated multi-lot size inventory model for deteriorating items, Computers & Operations Research, 30 (2003), 671-682.
doi: 10.1016/S0305-0548(02)00032-1. |
[21] |
P. C. Yang and H. M. Wee, A win-win strategy for an integrated vendor-buyer deteriorating inventory system, Mathematical Modelling and Analysis, 11 (2006), 105-116. |
[22] |
P. C. Yang, H. M. Wee, S. L. Chung and P. C. Ho, Sequential and global optimization for a closed-loop deteriorating inventory supply chain, Mathematical and Computer Modelling, 52 (2010), 161-176.
doi: 10.1016/j.mcm.2010.02.005. |
[23] |
P. C. Yang, H. M. Wee, B. S. Liu and O. K. Fong, Mitigating hi-tech products risks due to rapid technological innovation, Omega, International Journal of Management Science, 39 (2011), 456-463.
doi: 10.1016/j.omega.2010.09.007. |
[24] |
J. C. P. Yu, H. M. Wee and K. J. Wang, Supply chain partnership for three-echelon deteriorating inventory model, Journal of Industrial and Management Optimization, 5 (2008), 827-842.
doi: 10.3934/jimo.2008.4.827. |
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