教師資料查詢 | 類別: 期刊論文 | 教師: 張春桃 Chang Chun-tao (瀏覽個人網頁)

標題:Optimal order quantity and selling price over a product life cycle with deterioration rate linked to expiration date.
學年106
學期1
出版(發表)日期2017/11/01
作品名稱Optimal order quantity and selling price over a product life cycle with deterioration rate linked to expiration date.
作品名稱(其他語言)
著者Wu, J., Chang; C.-T., Teng; J.-T.; Lai, K.-K.
單位
出版者
著錄名稱、卷期、頁數International Journal of Production Economics, Vol.193, 343-351.
摘要It is evident that the lower the price, the higher the demand. Therefore, price is an important factor in a consumer's purchasing decision. Additionally, for today's health-conscious consumers, product freshness is another important factor in purchasing decisions. Since product freshness declines over time, today's health-conscious consumers prefer a perishable product with a longer “sell-by” date to a shorter one. Moreover, a product's demand rate moving through its life cycle can be approximately represented by a trapezoid-type pattern which includes constant demand, increasing demand, and decreasing demand as special cases. In existing literature, several researchers have developed inventory models for trapezoidal demand. However, they failed to consider pricing strategy, product freshness linked to expiration date, and purchasing cost. In this study, we enhance previous models by (1) taking pricing into consideration, (2) exploring deterioration rate linked to expiration date, and (3) adding an appropriate non-constant purchasing cost. We then derive theoretical results, and run numerical examples to obtain managerial insights. For instance, the total profit without purchasing cost is significantly lower than that with purchasing cost included. Also, if the cost of lost sales is improperly low, then the total profit may become negative due to a large amount of lost sales.
關鍵字Inventory control;Pricing;Trapezoid-type demand;Deteriorating items;Expiration date
語言英文(美國)
ISSN
期刊性質國外
收錄於SCI;EI;
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版
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