Pricing-inventory model with discrete demand and delivery orders

• Authors: SADEGHI Heibatolah , GOLPÎRA Hêriş , HNAIEN Faicel , MAGAZZINO Cosimo
• Languages of publication: EN

Abstracts

EN

This paper aims to develop an inventory model considering discrete demand, coordinated pricing, and multiple delivery policy in a single-buyer single-supplier production-inventory system. The shortage is not allowed and the planning horizon is considered to be infinite. The main objective of the framework is to equip the decision-maker with optimal order, pricing, and shipment quantities to maximize the total profit of the system. The results obtained from the numerical example reveal that the proposed approach with an average selling price equal to about 94% of the classical model, has resulted in an average profit increase of about 16% and an average order increase of about 34% compared to the classical approach.

Keywords

EN

discrete demand; pricing; multiple discrete deliveries; optimization

• Publisher: Politechnika Wrocławska. Oficyna Wydawnicza Politechniki Wrocławskiej
• Journal: Operations Research and Decisions
• Year: 2023
• Volume: 33
• Issue: 3
• Pages: 119-139

Contributors

author

SADEGHI Heibatolah

• Department of Industrial Engineering, University of Kurdistan, Sanandaj, Iran

author

GOLPÎRA Hêriş

• Department of Industrial Engineering, Sanandaj Branch, Islamic Azad University, Sanandaj, Iran

author

HNAIEN Faicel

• Laboratory of Industrial Systems Optimization, Charles Delaunay Institute, University of Technology of Troyes, Troyes, France

author

MAGAZZINO Cosimo

• School of Political Sciences, Roma Tre University, Italian Economic Association, Royal Economic Society, Rome, Italy

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Identifiers

DOI

10.37190/ord230308