Coordinated replenishment and marketing policies for non-instantaneous stock deterioration problem

Rabbani, Masoud; Zia, Nadia Pourmohammad; Rafiei, Hamed

doi:10.1016/j.cie.2015.06.016

Cited by 37 publications

(13 citation statements)

References 21 publications

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“…Dye [19] considered a logic over an infinite time horizon with allowable back-ordering. Similar papers were developed by Panda et al [20], Tsao and Sheen [21], Lin et al [22], Dye and Ouyang [23], Wang and Lin [24], Ghoreishi et al [25], Soni and Patel [26], Srivastava and Gupta [27], Wang and Huang [28], Bai et al [29], Bhunia et al [30], Rabbani et al [ 31], Indrajitsingha et al [32,33]. Recently one work was developed by Rahamann and Duary [34] to handle the fluctuating customer demand (selling price dependent).…”

Section: Introductionsupporting

confidence: 54%

An EOQ Model of Selling-Price-Dependent Demand for Non-Instantaneous Deteriorating Items during the Pandemic COVID-19

Indrajitsingha¹,

Raula²,

Samanta

et al. 2021

Walailak J Sci & Tech

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A pricing factor plays a dominant role in consumer behavior in most countries affected by the COVID19 pandemic. People have lost their job while others renegotiated for low-paying jobs during this pandemic. Thus, this article aims to develop a viable model to consider various aspects of the COVID19 pandemic. Here, we develop an optimal ordering quantity inventory model of deteriorating items, which are still in demand depending upon the selling price of the product. The items are assumed to be non-instantaneous deteriorating. The shortage is allowed in lead time and is partially backlogged. A solution procedure is presented to determine an optimal cycle, order quantity, and total average cost. A realistic numerical example is given to validate the proposed model by changing different systems of parameters, where sensitivity analysis has been carried out. The effectiveness of the system has been observed through graphical representation. HIGHLIGHTS The study considers the inventory model for non-instantaneous deteriorating items. Selling price dependent demand is incorporated. The shortage is allowed in lead time and is partially backlogged. Theoretical results have been formed to characterize the optimal solutions. The effect of key parameters is studies rigorously. GRAPHICAL ABSTRACT

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Section: Introductionsupporting

confidence: 54%

An EOQ Model of Selling-Price-Dependent Demand for Non-Instantaneous Deteriorating Items during the Pandemic COVID-19

Indrajitsingha¹,

Raula²,

Samanta

et al. 2021

Walailak J Sci & Tech

View full text Add to dashboard Cite

show abstract

“…Taleizadeh and Nematollahi (2014) evaluated an inventory control problem for perishable items with financial deliberations and back-ordering. Rabbani et al (2015) founded the model for non-instantaneous stock-dependent deterioration of the supply chain. Shah et al…”

Section: Literature Review On Deteriorationmentioning

confidence: 99%

How does an industry control a decision support system for a long time?

Jani

Chaudhari²,

Sarkar

2021

RAIRO-Oper. Res.

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The inventory system has been affected by many characteristics, among which deterioration of a food product is a critical issue. Chilled foods deteriorate during storage time, and their quality reduces over time. Indian Spiced Pulled Pork Sandwiches are very observable customer goods in India that are, in fact, unpreserved. If chilled foods' original value reduces over time, consumers are not much likely to buy them. The retail price of chilled food maintained is strictly dependent on its quality. From the vendor's approach, measuring quality and leftover value should be a severe commercial issue. The model aims to study deterioration together with the quality prediction of Indian Spiced Pulled Pork Sandwiches. This model measures food quality and leftover value. Deterioration rate is considered a function of two-parameter Weibull distribution suitable for bacterial inactivation, microbial growth, enzymes, nutrients, and pigments dreadful environments under a non-isothermal atmosphere. The dynamic structure of demand has its importance in business. The price-storage time of product-dependent demand rate is debated in this model as demand rarely remains constant. The objective is to maximize the vendor's total profit concerning storage time and the product's selling price. A numerical example supports the model. Sensitivity analysis is carried out to derive insights for decision-makers. The graphical result, in three dimensions, is exhibited with a supervisory decision.

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“…Fauza et al (2015) analyzed a vendor-buyer inventory model for food products based on shelf-life pricing. Rabbani et al (2015) instituted the model for supply chain of noninstantaneous stock dependent deterioration. studied an optimal policies time and credit dependent demand for three players with fixed life time and two-level trade credit.…”

Section: Introductionmentioning

confidence: 99%

Inventory Control Policies for Substitutable Deteriorating Items Under Quadratic Demand

Shah

Chaudhari²,

Jani

2019

OSCM: An Int. Journal

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In today's busy life, no one has sufficient time to buy or bargain any type of products. It is common in such cases that customers, who are looking for purchasing a certain product, will be willing to substitute with a comparable product when facing a stock-out, rather than visiting a different store to bargain the original product. In this article, we study an inventory control problem in which demand is fulfilled by using two similar substitutable items. Retailer fulfilled demand of one product by other substitutable product when stock-out of the one of them. We consider inventory levels of both of the items and time dependent demand. The orders for both products are placed at the same time. Our objective is to maximize joint profit for two substitutable deteriorating items with respect to cycle time and a time at which one product is stock-out.The numerical analysis is carried out based on the analytical results. The critical inventory parameters are computed for the decision maker.

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Coordinated replenishment and marketing policies for non-instantaneous stock deterioration problem

Cited by 37 publications

References 21 publications

An EOQ Model of Selling-Price-Dependent Demand for Non-Instantaneous Deteriorating Items during the Pandemic COVID-19

An EOQ Model of Selling-Price-Dependent Demand for Non-Instantaneous Deteriorating Items during the Pandemic COVID-19

How does an industry control a decision support system for a long time?

Inventory Control Policies for Substitutable Deteriorating Items Under Quadratic Demand

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