International Journal of Integrative Sciences
Vol. 1 No. 1 (2022): Desember 2022

Optimization Policies for Inventory Model with Deterministic Demand Based on Selling Price and Promotional Efforts Under Inflationary Conditions

Rupali Jindal (Research Scholar, Department of Mathematics, CT University, Ludhiana, India)
Arun Krushna Padhihari (Research Scholar, Department of Mathematics, CT University, Ludhiana, India)
Leena Prasher (Department of Mathematics, CT University, Ludhiana, India)

Article Info

Publish Date
04 Feb 2023

Abstract

This paper constructs an economic order quantity model considering demand dependent upon selling price, time and promotional eorts made by the firm/sales team. Items ar deteriorating with a constant rate.The cost for holding the items is taken as constant. Cost of advertisement is assumed to be quadratic function of marketing eorts. The objective of the paper is to determine economic replenishment quantity in inationary conditions so as to maximize prot. Numerical example is presented to illustrate the theory. Graphical presentation is made to describe the optimality of the model with suitable sensitivity analysis

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Journal Info
International Journal of Integrative Sciences
Website

Abbrev

ijis

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Industrial & Manufacturing Engineering Social Sciences

Description

International Journal of Integrative Sciences (IJIS) is an international peer-review, and double-blind review journal published by Formosa Publisher. The IJIS is aimed to provide a forum for review, reflection, and discussion informed by the results of recent and ongoing research from a ...