Optimal replenishment policy for an inventory model with demand follows innovation diffusion process under permissible delay in payments

MaRDI QIDQ5376465zbMATH OpenFDO

Authors Alok Kumar, K. K. Aggarwal

Publication date 18 September 2018

Full work available at URL http://ijims.ms.tku.edu.tw/IJIMS/download.php?filename=49_ab2bb7f0.pdf&dir=recruit&title=Abstract

zbMATH Keywords

coefficient of imitationcoefficient of innovationEOQinnovation diffusionpermissible delay in paymentspotential market size

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Sensitivity, stability, parametric optimization (90C31)

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• An inventory decision model when demand follows innovation diffusion process under effect of technological substitution
• Optimal replenishment for EPQ models under conditions of permissible delay in payments and cash discount
• Economic order quantity model with demand influenced by dynamic innovation effect

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