A mathematical model for perishable products with price- and displayed-stock-dependent demand.
Mehmet ÖnalArda YenipazarliO. Erhun KundakciogluPublished in: Comput. Ind. Eng. (2016)
Keyphrases
- mathematical model
- inventory level
- yield management
- customer demand
- lead time
- inventory systems
- production cost
- lost sales
- inventory control
- dynamic pricing
- production system
- total cost
- expected cost
- finite horizon
- ant colony algorithm
- long run
- state dependent
- market share
- control strategy
- multi item
- single stage
- infinite horizon
- mathematical models
- optimal policy
- expected profit
- single product
- supply chain
- matlab simulink
- finished goods inventory
- single item
- planning horizon
- mathematical modeling
- simulation model
- stock market
- optimal solution
- production planning
- particle swarm optimization
- inventory management
- feasible solution
- random variables
- budget constraints
- periodic review
- inventory policy
- artificial intelligence
- spare parts
- steady state
- stock price
- fixed cost
- setup cost
- holding cost