Inventory policy for products with price and time-dependent demands

Pricing for seasonal deteriorating products with price- and ramp-type time-dependent demand

“…In the above mentioned inventory models with pricing strategy, pricing decision is determined under the assumption that the times of changing price are pre-specified. You (2005) relaxed this assumption and investigated the problem of jointly determining the number of price settings and optimal prices for a perishable inventory system in which demand is timeand price-dependent. However, You (2005) did not consider the deterioration of the inventory and the time-dependent demand used was not ramp-type.…”

“…You (2005) relaxed this assumption and investigated the problem of jointly determining the number of price settings and optimal prices for a perishable inventory system in which demand is timeand price-dependent. However, You (2005) did not consider the deterioration of the inventory and the time-dependent demand used was not ramp-type. Since we include the deterioration cost of the inventory, the objective function is not concave any more, which brings the challenging of finding the optimal price.…”

Perishable inventory management with dynamic pricing using time–temperature indicators linked to automatic detecting devices

“…The retailer adopts the price differentiation strategy, i.e., offering a larger price discount for inventory items that are closer to their expiry dates, to jack up customer purchases in order to gain higher profits. As in You (2005), the suggested model assumes for each item a retail price that exponentially declines with the time elapsed from its replenishment. The information about the price and expiration date of any given item is available on-line to potential customers through the RFID.…”

Inventory Model for Decaying Items with Multivariate Demand and Variable Holding Cost under the Facility of Trade-Credit

“…Datta and Paul (2001) analyzed an inventory system where the consumption rate of the goods is affected by both displayed stock level and selling price. You (2005) investigated an inventory model by considering price and time dependent demand rate. Some inspiring research articles associated to this research environment are, You and Hsieh (2007), Chang et al (2010), Lee and Dye (2012).…”