A REPLENISHMENT POLICY FOR ITEM WITH PRICE DEPENDENT DEMAND AND DETERIORATING UNDER MARKDOWN POLICY

Authors

  • Hui Ming Wee Department of Industrial Engineering, Chung Yuan Christian University, Chung Li 320, Taiwan
  • Gede Agus Widyadana Faculty of Industrial Technology, Petra Christian University and PhD Student in Department of Industrial Engineering, Chung Yuan Christian University

:

https://doi.org/10.9744/jti.9.2.75-84

Keywords:

inventory, deteriorating item, markdown, price dependent demand.

Abstract

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.

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Published

2008-01-31

How to Cite

[1]
H. M. Wee and G. A. Widyadana, “A REPLENISHMENT POLICY FOR ITEM WITH PRICE DEPENDENT DEMAND AND DETERIORATING UNDER MARKDOWN POLICY”, Jurnal Teknik Industri: Jurnal Keilmuan dan Aplikasi Teknik Industri, vol. 9, no. 2, pp. 75-84, Jan. 2008.

Issue

Vol. 9 No. 2 (2007): DECEMBER 2007

Section

Articles

License

Articles published in the Jurnal Teknik Industri: Jurnal Keilmuan dan Aplikasi Teknik Industri will be Open-Access articles distributed under the terms and conditions of the Creative Commons Attribution License (CC BY).


This work is licensed under a  Creative Commons Attribution License (CC BY).