A REPLENISHMENT POLICY FOR ITEM WITH PRICE DEPENDENT DEMAND AND DETERIORATING UNDER MARKDOWN POLICY
| Main Authors: | Wee, Hui Ming; Department of Industrial Engineering, Chung Yuan Christian University, Chung Li 320, Taiwan, Widyadana, Gede Agus; Faculty of Industrial Technology, Petra Christian University and PhD Student in Department of Industrial Engineering, Chung Yuan Christian University |
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| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Institute of Research and Community Outreach - Petra Christian University
, 2008
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| Subjects: | |
| Online Access: |
http://jurnalindustri.petra.ac.id/index.php/ind/article/view/16708 http://jurnalindustri.petra.ac.id/index.php/ind/article/view/16708/16700 |
Daftar Isi:
- Many researches on deteriorating inventory model have been developed in recent years. This paper develops deteriorating inventory model with price-dependent demand and uses markdown policy to increase profit. Two examples are used to explain the model and some interesting results are derived. Markdown policy can increase total profit, but the best markdown time and price depend are case dependent.