An inventory model with discount for imperfect items and purchasing price dependent demand
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Abstract
A special price discount is used to motivate buyers in nowadays. At the same time, that discount do not affect
the profit. So in this model, the one - time only - discount is given to the imperfect items. This improves the
profit of this model. Because these imperfect items are usually considered as deteriorating items which leads
to deterioration loss. Also demand depends on purchasing price in real life. So purchasing price dependent
demand is considered. The lot size and time length of the cycle are optimized. A sensitivity analysis is presented
to illustrate the parameters of this model.
Keywords:
Imperfect items, economic order quantity, screening process, one - time – only discountMathematics Subject Classification:
Mathematics- Pages: 814-816
- Date Published: 01-01-2021
- Vol. 9 No. 01 (2021): Malaya Journal of Matematik (MJM)
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