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Article
A Mathematical Model for Perishable Products with Price-and Displayed-Stock-Dependent Demand
Computers & Industrial Engineering
  • Mehmet Önal, Işık University
  • Arda Yenipazarli, Georgia Southern University
  • O. Erhun Kundakcioglu, Ozyegin University
Document Type
Article
Publication Date
12-1-2016
DOI
10.1016/j.cie.2016.11.002
Abstract

We introduce an economic order quantity model that incorporates product assortment, pricing and space-allocation decisions for a group of perishable products. The goal is to maximize the retailer’s profit under shelf-space and backroom storage capacity constraints. We assume that the demand rate of a product is a function of the selling prices and the displayed stock levels of all the products in the assortment. We propose a Tabu Search based heuristic method to solve this complex problem.

Citation Information
Mehmet Önal, Arda Yenipazarli and O. Erhun Kundakcioglu. "A Mathematical Model for Perishable Products with Price-and Displayed-Stock-Dependent Demand" Computers & Industrial Engineering Vol. 102 (2016) p. 246 - 258
Available at: http://works.bepress.com/arda_yenipazarli/40/