A Mathematical Model for Perishable Products with Price-and Displayed-Stock-Dependent DemandComputers & Industrial Engineering
AbstractWe 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 InformationMehmet 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/