Retailer’s optimal pricing and lot-sizing policies for deteriorating items with partial backlogging

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Title:	Retailer’s optimal pricing and lot-sizing policies for deteriorating items with partial backlogging
Authors:	Chang, H. J.;Teng, J. T.;歐陽良裕;Ouyang, Liang-yuh;Dye, C. Y.
Contributors:	淡江大學經營決策學系
Keywords:	Pricing;Lot-sizing;Deteriorating items;Partial backlogging
Date:	2006-01-01
Issue Date:	2009-11-30 12:28:37 (UTC+8)
Publisher:	Amsterdam: Elsevier BV * North-Holland
Abstract:	Pricing is a major strategy for a retailer to obtain its maximum profit. Therefore, in this paper, we establish an economic order quantity model for a retailer to determine its optimal selling price, replenishment number and replenishment schedule with partial backlogging. We first prove that the optimal replenishment schedule not only exists but also is unique, for any given selling price. Next, we show that the total profit is a concave function of p when the replenishment number and schedule are given. We then provide a simple algorithm to find the optimal selling price, replenishment number and replenishment timing for the proposed model. Finally, we use a couple of numerical examples to illustrate the algorithm.
Relation:	European Journal of Operational Research 168(1), pp.51-64
DOI:	10.1016/j.ejor.2004.05.003
Appears in Collections:	[Department of Management Sciences] Journal Article

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