Best pricing and optimal policy for an inventory system under time-and-price-dependent demand and backordering

DOI10.1007/s10479-018-2953-5zbMath1437.90016OpenAlexW2810123073WikidataQ129620739 ScholiaQ129620739MaRDI QIDQ2178353

Jaime Febles-Acosta, Manuel González-de-la-Rosa, Luis Augusto San-José, Joaquín Sicilia

Publication date: 11 May 2020

Published in: Annals of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10479-018-2953-5

zbMATH Keywords

backorderingprofit maximizationoptimal pricinginventory systempower demand pattern

Mathematics Subject Classification ID

Transportation, logistics and supply chain management (90B06) Inventory, storage, reservoirs (90B05) Applications of functional analysis in optimization, convex analysis, mathematical programming, economics (46N10)

Related Items (max. 100)

Optimizing price, order quantity, and backordering level using a nonlinear holding cost and a power demand pattern ⋮ An inventory model for multiple items assuming time-varying demands and limited storage ⋮ Profit maximization in an inventory system with time-varying demand, partial backordering and discrete inventory cycle ⋮ Maximization of the return on inventory management expense in a system with price- and stock-dependent demand rate ⋮ Optimal policy for multi-item systems with stochastic demands, backlogged shortages and limited storage capacity

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