期刊
OMEGA-INTERNATIONAL JOURNAL OF MANAGEMENT SCIENCE
卷 84, 期 -, 页码 114-126出版社
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.omega.2018.05.001
关键词
Inventory; Non-instantaneous deterioration; Preservation technology investment; Pricing; Partial backlog
资金
- National Natural Science Foundation of China [71502088]
- Education Department Scientific Research Program of Zhejiang Province [Y201533523]
- China Postdoctoral Science Foundation [2015M581907]
- K.C.Wong Magna Fund in Ningbo University
This paper studies a joint pricing, replenishment and preservation technology investment problem for non-instantaneous deteriorating items. Preservation technology affects both the length of non deterioration period and deterioration rate. Shortages are allowed and partially backlogged. We use price dependent demand, time-varying deterioration and waiting-time-dependent backlog rates in a general framework to formulate the model. We consider two cases: shortages happen after or before the non deterioration period. We analytically show the existence and uniqueness of the optimal replenishment schedule, price or preservation investment for any given two of them in two cases. We also prove that there exists a global replenishment policy for any given pricing and preservation investment policies. We then provide an iterative algorithm to search for the optimal solution. Finally, we use numerical examples to illustrate the algorithm, and conduct sensitivity analysis to derive more managerial insights. (C) 2018 Elsevier Ltd. All rights reserved.
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