Title :
The bi-ramp type demand and price discount inventory model for deteriorating items
Author_Institution :
Coll. of Math. & Inf. Sci., Guangxi Univ., Nanning, China
Abstract :
The paper consider a inventory model for deteriorating items with being out of stock at the beginning, in which the supplies providing price discount and price-dependent and time-varying demand and so forth. The existence of the optimal solution is proved and an algorithm of the optimal ordering policy is given. Finally, we carry out the numerical experiments.
Keywords :
inventory management; pricing; biramp type demand; deteriorating items; numerical experiments; optimal ordering policy; optimal solution; price discount inventory model; price-dependent demand; time-varying demand; Automation; Computational modeling; Educational institutions; Intelligent control; Mathematical model; Numerical models; Bi-Ramp type demand; deteriorating items; inventory model; price discount; total profit;
Conference_Titel :
Intelligent Control and Automation (WCICA), 2012 10th World Congress on
Conference_Location :
Beijing
Print_ISBN :
978-1-4673-1397-1
DOI :
10.1109/WCICA.2012.6358442
