Modeling pricing and inventory control for perishable agricultural items under return to manufacture

سال انتشار: 1402
نوع سند: مقاله کنفرانسی
زبان: انگلیسی
مشاهده: 195

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شناسه ملی سند علمی:

AGRIHORMOZ01_057

تاریخ نمایه سازی: 20 شهریور 1402

چکیده مقاله:

In this paper, a joint pricing and inventory control model for perishable agricultural items is developed. The model is studied under a price and time-dependent demand function, also the return to manufacturer are considered as a function of both price and order quantity. The main objective is determining the optimal selling price, the optimal replenishment cycles, and the optimal order quantity simultaneously as it is, the total profit is maximized within a finite time horizon. Firstly, we show that for any selling price, the optimal replenishment cycle exists and is unique. Then, we indicate that the total profit is a concave function of price. Next, a simple algorithm has been presented to find the optimal solution. A numerical example is then taken to illustrate the solution procedure and the algorithm.

نویسندگان

Fateme Kharidar

Department of Management, Ferdowsi University, Mashhad, Iran

Mostafa Kazemi

(Corresponding Author) Department of Management, Ferdowsi University, Mashhad, Iran

Alireza Pooya

Department of Management, Ferdowsi University, Mashhad, Iran

Amir Mohammad Fakoor Saghih

Department of Management, Ferdowsi University, Mashhad, Iran,