## 摘要

We consider a retailer who sells a perishable item that is subject to effects of fixed shelf lifetime and continuous decay, facing a price and stock-level dependent demand rate. We assume the retailer adopts the base-stock replenishment and the first-in-first-out issuing policies. Our model is a generalized version of the previous work by considering the retail price as a decision variable and taking into account the effect of random decay in the newsboy-type problem. The objective of the model is to jointly determine the optimal selling price, base-stock level, and inventory cycle over an infinite planning horizon so that the net profit per time unit is maximized. The profit-maximizing problem is formulated as a multivariate optimization model, solved by an iterative search process combined with an enumeration scheme. Numerical results reveal that the demand-side pricing scheme is more effective than the supply-side inventory control mechanism in profit maximization.

原文 | ???core.languages.en_GB??? |
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頁面 | 1601-1604 |

頁數 | 4 |

出版狀態 | 已出版 - 2006 |

事件 | 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 - Taipei, Taiwan 持續時間: 20 6月 2006 → 23 6月 2006 |

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???event.eventtypes.event.conference??? | 36th International Conference on Computers and Industrial Engineering, ICC and IE 2006 |
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國家/地區 | Taiwan |

城市 | Taipei |

期間 | 20/06/06 → 23/06/06 |