Price-to-Quality Ratio Dependent Demand: Keeping the Intensity of Demand Constant

Autor:	Alexandra O. Zhukovskaya, Anna V. Kitaeva, Natalia V. Stepanova
Rok vydání:	2021
Předmět:	Mathematical optimization Quality (physics) Profit (accounting) Product (mathematics) Dynamic pricing Ratio dependent Constant (mathematics) Intensity (heat transfer) Exponential function Mathematics
Zdroj:	Advances in Production Management Systems. Artificial Intelligence for Sustainable and Resilient Production Systems ISBN: 9783030858735 APMS (1)
DOI:	10.1007/978-3-030-85874-2_65
Popis:	We consider a deterministic model of an inventory system that consists of a single type of perishable product, which is periodically replenished, and a demand depends on price-to-quality ratio (PQR). The product quality decays linearly over time. To keep an intensity of the demand constant we change the price proportionally to the decreasing quality of the product. Exponential and linear dependences of the demand’s intensity of PQR are considered and optimal values of lot size and PQR maximizing the profit per unit time are obtained.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c02052eac6c8dc2cfce6bc5484f91355 https://doi.org/10.1007/978-3-030-85874-2_65 Zobrazit plný text záznamu