Paper Information

Journal:   SCIENTIA IRANICA   2015 , Volume 22 , Number 6 (TRANSACTIONS E: INDUSTRIAL ENGINEERING); Page(s) 2595 To 2603.
 
Paper: 

OPTIMAL MULTI-DISCOUNT SELLING PRICES SCHEDULE FOR DETERIORATING PRODUCT

 
 
Author(s):  TALEIZADEH A.A.*, SATARIAN F., JAMILI A.
 
* SCHOOL OF INDUSTRIAL ENGINEERING, COLLEGE OF ENGINEERING, UNIVERSITY OF TEHRAN, TEHRAN, IRAN
 
Abstract: 

This paper investigates optimal multi discount price and order quantity for deteriorating product. We initially consider a time dependent demand function with two scenarios including positive exponential for the first interval and negative exponential for the second one, due to the obsolescent characteristic, without any exogenous factor. Then, we study the e effect of changing selling price as an exogenous factor causing increase in demand. Finally, optimization model is formulated and the closed form solutions of the optimal prices are gained.

 
Keyword(s): PRICING, MULTI DISCOUNT SELLING PRICES, ECONOMIC ORDER QUANTITY, DETERIORATION
 
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