An integrated production-inventory-marketing model for deteriorating items
Computers and Industrial Engineering
Optimal inventory replenishment models for deteriorating items taking account of time discounting
Computers and Operations Research
On an inventory model for deteriorating items with stock dependent and time-varying demand rates
Computers and Operations Research
Planning Marketing-Mix Strategies in the Presence of Interaction Effects
Marketing Science
Promotion Effect on Endogenous Consumption
Marketing Science
International Journal of Systems Science
International Journal of Systems Science
Computers and Industrial Engineering
Mathematical and Computer Modelling: An International Journal
Mathematical and Computer Modelling: An International Journal
Hi-index | 0.09 |
The author develops an inventory model to determine the retailer's optimal order quantity for homogeneous products. It is assumed that the amount of display space is limited and the demand of the products is dependent on the display stock level, where a huge stock of one product has a negative effect on the other product. Also, the replenishment rate depends on the level of stock of the items. The objective of the model is to maximize the profit function, considering the effect of inflation and time value of money, by Pontryagin's Maximal Principles. The stability analysis of the concerned dynamical system has been carried out analytically as well as numerically.