[01607] AN INVENTORY MODEL WITH PRICE- AND STOCK-DEPENDENT DEMAND
Session Time & Room : 3C (Aug.23, 13:20-15:00) @D505
Type : Contributed Talk
Abstract : In this paper, we develop a multi-item inventory model with price- and stock-dependent demand and backorder. The decision variables in the model are the cycle length and the time when inventory drops to zero. The purpose of the model is minimizing the total inventory cost. Comparisons among alternative replenishment policies such as individual order, joint order or combination between these two policies are also considered. Numerical experiments and sensitivity analysis are also given.
