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All Journal Jurnal Teknik Industri
Gede Agus Widyadana
Faculty of Industrial Technology, Petra Christian University and PhD Student in Department of Industrial Engineering, Chung Yuan Christian University
Industrial & Manufacturing Engineering

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A REPLENISHMENT POLICY FOR ITEM WITH PRICE DEPENDENT DEMAND AND DETERIORATING UNDER MARKDOWN POLICY Hui Ming Wee; Gede Agus Widyadana
Jurnal Teknik Industri: Jurnal Keilmuan dan Aplikasi Teknik Industri Vol. 9 No. 2 (2007): DECEMBER 2007
Publisher : Institute of Research and Community Outreach - Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (213.805 KB) | DOI: 10.9744/jti.9.2.75-84

Abstract

Many researches on deteriorating inventory model have been developed in recent years. This paper develops deteriorating inventory model with price-dependent demand and uses markdown policy to increase profit. Two examples are used to explain the model and some interesting results are derived. Markdown policy can increase total profit, but the best markdown time and price depend are case dependent.
Co-Authors Hui Ming Wee