Jurnal Teknik Industri
Vol. 9 No. 2 (2007): DECEMBER 2007

A REPLENISHMENT POLICY FOR ITEM WITH PRICE DEPENDENT DEMAND AND DETERIORATING UNDER MARKDOWN POLICY

Hui Ming Wee (Department of Industrial Engineering, Chung Yuan Christian University, Chung Li 320, Taiwan)
Gede Agus Widyadana (Faculty of Industrial Technology, Petra Christian University and PhD Student in Department of Industrial Engineering, Chung Yuan Christian University)



Article Info

Publish Date
31 Jan 2008

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.

Copyrights © 2007






Journal Info

Abbrev

ind

Publisher

Subject

Industrial & Manufacturing Engineering

Description

Jurnal Teknik Industri aims to: Promote a comprehensive approach to the application of industrial engineering in industries as well as incorporating viewpoints of different disciplines in industrial engineering. Strengthen academic exchange with other institutions. Encourage scientist, practicing ...