DocumentCode
120103
Title
An Inventory Model of Deteriorating Items with Price Reduction Sale and Customers Waiting Time
Author
Bo Huang ; Xiaojun Liu ; Zhang Tao
Author_Institution
Sch. of Bus., Macau Univ. of Sci. & Technol., Taipa, China
fYear
2014
fDate
4-6 July 2014
Firstpage
168
Lastpage
171
Abstract
This study proposes a new inventory model of deteriorating items with price reduction and backlog. In this paper, both pricing and backlog are considered. It proposes the solution procedure for the new model, and conducts one numerical example to verify the effectiveness of the new inventory model. Finally, it provides some potential issues for future research.
Keywords
cost reduction; customer services; inventory management; pricing; backlog; customer waiting time; deteriorating items; inventory model; price reduction sale; pricing; Economics; Educational institutions; Information management; Logistics; Numerical models; Weibull distribution; Customers waiting time; Deteriorating Items; Inventory; Partial Backlogging; Price;
fLanguage
English
Publisher
ieee
Conference_Titel
Computational Sciences and Optimization (CSO), 2014 Seventh International Joint Conference on
Conference_Location
Beijing
Print_ISBN
978-1-4799-5371-4
Type
conf
DOI
10.1109/CSO.2014.38
Filename
6923661
Link To Document