A note on marketing policies: the case of exponentially deteriorating inventory with variable markup under random input

A note on marketing policies: the case of exponentially deteriorating inventory with variable markup under random input

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Article ID: iaor2009160
Country: Cuba
Volume: 28
Issue: 3
Start Page Number: 191
End Page Number: 196
Publication Date: Sep 2007
Journal: Revista de Investigacin Operacional
Authors: , ,
Keywords: inventory
Abstract:

An inventory model is developed under different marketing policies using the concept of variable markup when units in inventory are subject to deterioration, quantity discounts are offered and quantity received is a random variable. The effect of deterioration of units and various parameters on optimum markup and procurement quantity is studied. The model derived is supported with a numerical example.

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