| Article ID: | iaor1993874 |
| Country: | Belgium |
| Volume: | 33 |
| Start Page Number: | 12 |
| End Page Number: | 21 |
| Publication Date: | Mar 1991 |
| Journal: | Cahiers du Centre d'tudes de Recherche Oprationnelle |
| Authors: | Datta T.K., Pal A.K. |
The purpose of this article is to develop an inventory model with sale price-dependent demand rate for an infinite time-horizon when the on-hand stock is larger than the optimal stock level. A price reduction special selling policy is adopted to increase the profit. A numerical example has been given to illustrate the developed model.