Integrated pricing and inventory control for perishable products, taking into account the lack of backlog and inventory management policy by the seller

• Autorzy: Assiddiqi Muktadi Amri , Anantadjaya Samuel Pd , Ahmad Israr , Le Kien , Iswanto A. Heri , Trung Nguyen Dinh , Al-Sudani Ahmed Qassem Ali Sharhan , Huy Dinh Tran Ngoc , Mutlak Dhameer Ali

Identyfikatory

DOI

10.2478/fcds-2022-0020

• Języki publikacji: EN

Abstrakty

EN

Recently, utilizing appropriate inventory control policy and determining the optimal selling price for various goods has been the main topic of scientific and industrial research. Inventory management policy 1 by the seller is one solution that improves the chain's performance by creating coordination between members of the supply chain. The current study attempts to devise an integrated model of inventory pricing and control under the inventory management policy by the seller for perishable goods with shortages is considered. The purpose of presenting the model is to determine the optimal price, the optimal repayment time, and the order size, in order to maximize the profit. To acquire those optimal values, the profit functions of the buyer and the seller are taken into account. Given the results acquired, it is demonstrated that at any cost, the repayment time is unique and optimal. It is concluded that with the optimal recovery time available, the objective function is a concave function of price, and its optimal value is available. Furthermore, utilizing the inventory management policy by the seller could be a proper means to reducing retailer costs while raising their profit.

Słowa kluczowe

EN

inventory control policy; perishable products; shortage; pricing; optimal order quantity

• Wydawca: Wydawnictwo Politechniki Poznańskiej
• Czasopismo: Foundations of Computing and Decision Sciences
• Rocznik: 2022
• Tom: Vol. 47, No. 4
• Strony: 371--382
• Opis fizyczny: Bibliogr. 21 poz., rys., tab.

Twórcy

autor

Assiddiqi Muktadi Amri

• Study Program, Ground Defense Strategy Faculty of Defense Strategy, UNHAN (Indonesian Defense University), Indonesia

• https://orcid.org/0000-0002-1474-9333

autor

Anantadjaya Samuel Pd

• International University Liaison Indonesia, Indonesia

• https://orcid.org/0000-0002-9256-9186

autor

Ahmad Israr

• School of business management, universiti Utara, Malaysia

• https://orcid.org/0000-0002-2939-6630

autor

Le Kien

• Ho Chi Minh city Open University, Vietnam

• https://orcid.org/0000-0001-6265-1245

autor

Iswanto A. Heri

• Public Health Department, Faculty of Health Science, University of Pembangunan Nasional Veteran Jakarta, Indonesia

• https://orcid.org/0000-0002-1102-0176

autor

Trung Nguyen Dinh

• National Economics University (NEU), Hanoi Vietnam

• https://orcid.org/0000-0002-0484-6463

autor

Al-Sudani Ahmed Qassem Ali Sharhan

• Al-Manara College For Medical Sciences, Misan, Iraq

• https://orcid.org/0000-0002-3316-5093

autor

Huy Dinh Tran Ngoc

• Banking university HCMC, Vietnam

• https://orcid.org/0000-0001-5994-5330

autor

Mutlak Dhameer Ali

• Al-Nisour University College, Baghdad, Iraq

• https://orcid.org/0000-0002-5239-4131

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