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| Author: | Abad, P. L. |
| Title: | Optimal pricing and lot-sizing under conditions of perishability, finite production and partial backordering and lost sale |
| Journal: | European Journal of Operational Research
2003 : FEB, VOL. 144:3, p. 677-685 |
| Index terms: | Perishable goods Product life cycle Materials Inventory control Price earnings ratios |
| Language: | eng |
| Abstract: | Perishable products constitute a sizable component of inventories. In this paper, the authors consider the pricing and lot sizing problem for a perishable good under finite production, exponential and partial backordering and lost sale. They use a new approach to model backlogging of demand. Customers are viewed to be impatient. The backlogging option gets used only when it is economic to do so. |
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