How to cite this paper
Pérez, F., Torres, F & Mendoza, D. (2019). Stocking and price-reduction decisions for non-instantaneous deteriorating items under time value of money.International Journal of Industrial Engineering Computations , 10(1), 89-110.
Refrences
Abad, P. L. (2003). Optimal pricing and lot-sizing under conditions of perishability, finite production and partial backordering and lost sale. European Journal of Operational Research, 144(0 ), 677–685.
Bakker, M., Riezebos, J., & Teunter, R. H. (2012). Review of inventory systems with deterioration since 2001. European Journal of Operational Research, 221(2), 275-284.
Bazaraa, M. S., Sherali, H. D., & Shetty, C. M. (2006). Unconstrained Optimization Nonlinear Programming: Theory and Algorithms (pp. 343-467): John Wiley & Sons, Inc.
Bhunia, A. K., Shaikh, A. A., & Gupta, R. K. (2013). A study on two-warehouse partially backlogged deteriorating inventory models under inflation via particle swarm optimisation. International Journal of Systems Science, 1-15.
Cárdenas-Barrón, L. E. (2011). The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra. Applied Mathematical Modelling, 35(5), 2394-2407.
Chen, S.-C., Cárdenas-Barrón, L. E., & Teng, J.-T. (2014). Retailer’s economic order quantity when the supplier offers conditionally permissible delay in payments link to order quantity. International Journal of Production Economics, 155, 284-291.
Chew, E. P., Lee, C., & Liu, R. (2009). Joint inventory allocation and pricing decisions for perishable products. International Journal of Production Economics, 120(1), 139-150.
Chew, E. P., Lee, C., Liu, R., Hong, K.-s., & Zhang, A. (2014). Optimal dynamic pricing and ordering decisions for perishable products. International Journal of Production Economics, 157, 39-48.
Chung, C. J., & Wee, H. M. (2008). An integrated production-inventory deteriorating model for pricing policy considering imperfect production, inspection planning and warranty-period- and stock-level-dependant demand. International Journal of Systems Science, 39(8), 823-837.
Chung, K.-J., & Cárdenas-Barrón, L. E. (2013). The simplified solution procedure for deteriorating items under stock-dependent demand and two-level trade credit in the supply chain management. Applied Mathematical Modelling, 37(7), 4653-4660.
Chung, K.-J., Eduardo Cárdenas-Barrón, L., & Ting, P.-S. (2014). An inventory model with non-instantaneous receipt and exponentially deteriorating items for an integrated three layer supply chain system under two levels of trade credit. International Journal of Production Economics, 155, 310-317.
Darma Wangsa, I. (2017). Greenhouse gas penalty and incentive policies for a joint economic lot size model with industrial and transport emissions. International Journal of Industrial Engineering Computations, 8(4), 453-480.
Dye, C.-Y., & Hsieh, T.-P. (2011). Deterministic ordering policy with price- and stock-dependent demand under fluctuating cost and limited capacity. Expert Systems with Applications, 38(12), 14976-14983.
Dye, C.-Y., & Hsieh, T.-P. (2013). Joint pricing and ordering policy for an advance booking system with partial order cancellations. Applied Mathematical Modelling, 37(6), 3645-3659.
Dye, C.-Y., Hsieh, T.-P., & Ouyang, L.-Y. (2007). Determining optimal selling price and lot size with a varying rate of deterioration and exponential partial backlogging. European Journal of Operational Research, 181(2), 668-678.
Dye, C.-Y., & Ouyang, L.-Y. (2011). A particle swarm optimization for solving joint pricing and lot-sizing problem with fluctuating demand and trade credit financing. Computers & Industrial Engineering, 60(1), 127-137.
Dye, C.-Y., Ouyang, L.-Y., & Hsieh, T.-P. (2007). Inventory and pricing strategies for deteriorating items with shortages: A discounted cash flow approach. Computers & Industrial Engineering, 52(1), 29-40.
Feng, L., Chan, Y.-L., & Cárdenas-Barrón, L. E. (2017). Pricing and lot-sizing polices for perishable goods when the demand depends on selling price, displayed stocks, and expiration date. International Journal of Production Economics, 185, 11-20.
Goyal, S. K., & Giri, B. C. (2001). Recent trends in modeling of deteriorating inventory. European Journal of Operational Research, 134(1), 1–16.
Hou, K. L., & Lin, L. C. (2006). An EOQ model for deteriorating items with price- and stock-dependent selling rates under inflation and time value of money. International Journal of Systems Science, 37(15), 1131-1139.
Jaggi, C. K., Cárdenas-Barrón, L. E., Tiwari, S., & Shafi, A. (2017). Two-warehouse inventory model for deteriorating items with imperfect quality under the conditions of permissible delay in payments. Scientia Iranica, 24(1), 390-412.
Jaggi, C. K., Khanna, A., & Nidhi, N. (2016). Effects of inflation and time value of money on an inventory system with deteriorating items and partially backlogged shortages. International Journal of Industrial Engineering Computations, 7(2), 267-282.
Jaggi, C. K., Tiwari, S., & Goel, S. (2016). Replenishment policy for non-instantaneous deteriorating items in a two storage facilities under inflationary conditions. International Journal of Industrial Engineering Computations, 7(3), 489-506.
Janssen, L., Claus, T., & Sauer, J. (2016). Literature review of deteriorating inventory models by key topics from 2012 to 2015. International Journal of Production Economics, 182, 86-112.
Jia, J., & Hu, Q. (2011). Dynamic ordering and pricing for a perishable goods supply chain. Computers & Industrial Engineering, 60(2), 302-309.
Khanna, A., Kishore, A., & Jaggi, C. K. (2017). Strategic production modeling for defective items with imperfect inspection process, rework, and sales return under two-level trade credit. International Journal of Industrial Engineering Computations, 8(1), 85-118.
Koschat, M. A. (2008). Store inventory can affect demand: Empirical evidence from magazine retailing. Journal of Retailing, 84(2), 165-179.
Krishnan, H., & Winter, R. A. (2010). Inventory dynamics and supply chain coordination. Management Science, 56(1), 141-147.
Li, Y., Lim, A., & Rodrigues, B. (2008). Note--Pricing and Inventory Control for a Perishable Product. Manufacturing & Service Operations Management, 11(3), 538-542.
Luong, H. T., & Karim, R. (2017). An integrated production inventory model of deteriorating items subject to random machine breakdown with a stochastic repair time. International Journal of Industrial Engineering Computations, 8(2), 217-236.
Maihami, R., & Nakhai Kamalabadi, I. (2012). Joint pricing and inventory control for non-instantaneous deteriorating items with partial backlogging and time and price dependent demand. International Journal of Production Economics, 136(1), 116-122.
Mishra, U., Cárdenas-Barrón, L., Tiwari, S., Shaikh, A., & Treviño-Garza, G. (2017). An inventory model under price and stock dependent demand for controllable deterioration rate with shortages and preservation technology investment. Annals of Operations Research, 254(1/2), 165-190.
Ouyang, L.-Y., Yang, C.-T., Chan, Y.-L., & Cárdenas-Barrón, L. E. (2013). A comprehensive extension of the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity. Applied Mathematics and Computation, 224, 268-277.
Panda, S., Saha, S., & Basu, M. (2009). An EOQ model for perishable products with discounted selling price and stock dependent demand. Central European Journal of Operations Research, 17(1), 31-53.
Pang, Z. (2011). Optimal dynamic pricing and inventory control with stock deterioration and partial backordering. Operations Research Letters, 39(5), 375-379.
Pentico, D. W., & Drake, M. J. (2011). A survey of deterministic models for the EOQ and EPQ with partial backordering. European Journal of Operational Research, 214(2), 179-198.
Rodado, D. N., Escobar, J. W., García-Cáceres, R. G., & Atencio, F. A. N. (2017). A mathematical model for the product mixing and lot-sizing problem by considering stochastic demand. International Journal of Industrial Engineering Computations, 8(2), 237-250.
Shah, N. H., & Cárdenas-Barrón, L. E. (2015). Retailer’s decision for ordering and credit policies for deteriorating items when a supplier offers order-linked credit period or cash discount. Applied Mathematics and Computation, 259, 569-578.
Shavandi, H., Mahlooji, H., & Nosratian, N. E. (2012). A constrained multi-product pricing and inventory control problem. Applied Soft Computing, 12(8), 2454-2461.
Soni, H. N., & Patel, K. A. (2012). Optimal pricing and inventory policies for non-instantaneous deteriorating items with permissible delay in payment: Fuzzy expected value model. International Journal of Industrial Engineering Computations, 3(3), 281-300.
Teng, J.-T., Cárdenas-Barrón, L. E., Chang, H.-J., Wu, J., & Hu, Y. (2016). Inventory lot-size policies for deteriorating items with expiration dates and advance payments. Applied Mathematical Modelling, 40(19), 8605-8616.
Tiwari, S., Cárdenas-Barrón, L. E., Khanna, A., & Jaggi, C. K. (2016). Impact of trade credit and inflation on retailer's ordering policies for non-instantaneous deteriorating items in a two-warehouse environment. International Journal of Production Economics, 176, 154-169.
Tyagi, A. P. (2016). An inventory model with a new credit drift: Flexible trade credit policy. International Journal of Industrial Engineering Computations, 7(1), 67-82.
Valliathal, M., & Uthayakumar, R. (2011). Simple approach of obtaining the optimal pricing and lot-sizing policies for an EPQ model on deteriorating items with shortages under inflation and time-discounting. Istanbul University Journal Of The School Of Business Administration, 40(2), 304-320.
Wee, H.-M., & Law, S.-T. (2001). Replenishment and pricing policy for deteriorating items taking into account the time-value of money. International Journal of Production Economics, 71(1-3), 213–220.
Widyadana, G. A., Cárdenas-Barrón, L. E., & Wee, H. M. (2011). Economic order quantity model for deteriorating items with planned backorder level. Mathematical and Computer Modelling, 54(5), 1569-1575.
Wu, J., Al-khateeb, F. B., Teng, J.-T., & Cárdenas-Barrón, L. E. (2016). Inventory models for deteriorating items with maximum lifetime under downstream partial trade credits to credit-risk customers by discounted cash-flow analysis. International Journal of Production Economics, 171, 105-115.
Wu, J., Ouyang, L.-Y., Cárdenas-Barrón, L. E., & Goyal, S. K. (2014). Optimal credit period and lot size for deteriorating items with expiration dates under two-level trade credit financing. European Journal of Operational Research, 237(3), 898-908.
Yang, H.-L., & Chang, C.-T. (2013). A two-warehouse partial backlogging inventory model for deteriorating items with permissible delay in payment under inflation. Applied Mathematical Modelling, 37(5), 2717-2726.
Bakker, M., Riezebos, J., & Teunter, R. H. (2012). Review of inventory systems with deterioration since 2001. European Journal of Operational Research, 221(2), 275-284.
Bazaraa, M. S., Sherali, H. D., & Shetty, C. M. (2006). Unconstrained Optimization Nonlinear Programming: Theory and Algorithms (pp. 343-467): John Wiley & Sons, Inc.
Bhunia, A. K., Shaikh, A. A., & Gupta, R. K. (2013). A study on two-warehouse partially backlogged deteriorating inventory models under inflation via particle swarm optimisation. International Journal of Systems Science, 1-15.
Cárdenas-Barrón, L. E. (2011). The derivation of EOQ/EPQ inventory models with two backorders costs using analytic geometry and algebra. Applied Mathematical Modelling, 35(5), 2394-2407.
Chen, S.-C., Cárdenas-Barrón, L. E., & Teng, J.-T. (2014). Retailer’s economic order quantity when the supplier offers conditionally permissible delay in payments link to order quantity. International Journal of Production Economics, 155, 284-291.
Chew, E. P., Lee, C., & Liu, R. (2009). Joint inventory allocation and pricing decisions for perishable products. International Journal of Production Economics, 120(1), 139-150.
Chew, E. P., Lee, C., Liu, R., Hong, K.-s., & Zhang, A. (2014). Optimal dynamic pricing and ordering decisions for perishable products. International Journal of Production Economics, 157, 39-48.
Chung, C. J., & Wee, H. M. (2008). An integrated production-inventory deteriorating model for pricing policy considering imperfect production, inspection planning and warranty-period- and stock-level-dependant demand. International Journal of Systems Science, 39(8), 823-837.
Chung, K.-J., & Cárdenas-Barrón, L. E. (2013). The simplified solution procedure for deteriorating items under stock-dependent demand and two-level trade credit in the supply chain management. Applied Mathematical Modelling, 37(7), 4653-4660.
Chung, K.-J., Eduardo Cárdenas-Barrón, L., & Ting, P.-S. (2014). An inventory model with non-instantaneous receipt and exponentially deteriorating items for an integrated three layer supply chain system under two levels of trade credit. International Journal of Production Economics, 155, 310-317.
Darma Wangsa, I. (2017). Greenhouse gas penalty and incentive policies for a joint economic lot size model with industrial and transport emissions. International Journal of Industrial Engineering Computations, 8(4), 453-480.
Dye, C.-Y., & Hsieh, T.-P. (2011). Deterministic ordering policy with price- and stock-dependent demand under fluctuating cost and limited capacity. Expert Systems with Applications, 38(12), 14976-14983.
Dye, C.-Y., & Hsieh, T.-P. (2013). Joint pricing and ordering policy for an advance booking system with partial order cancellations. Applied Mathematical Modelling, 37(6), 3645-3659.
Dye, C.-Y., Hsieh, T.-P., & Ouyang, L.-Y. (2007). Determining optimal selling price and lot size with a varying rate of deterioration and exponential partial backlogging. European Journal of Operational Research, 181(2), 668-678.
Dye, C.-Y., & Ouyang, L.-Y. (2011). A particle swarm optimization for solving joint pricing and lot-sizing problem with fluctuating demand and trade credit financing. Computers & Industrial Engineering, 60(1), 127-137.
Dye, C.-Y., Ouyang, L.-Y., & Hsieh, T.-P. (2007). Inventory and pricing strategies for deteriorating items with shortages: A discounted cash flow approach. Computers & Industrial Engineering, 52(1), 29-40.
Feng, L., Chan, Y.-L., & Cárdenas-Barrón, L. E. (2017). Pricing and lot-sizing polices for perishable goods when the demand depends on selling price, displayed stocks, and expiration date. International Journal of Production Economics, 185, 11-20.
Goyal, S. K., & Giri, B. C. (2001). Recent trends in modeling of deteriorating inventory. European Journal of Operational Research, 134(1), 1–16.
Hou, K. L., & Lin, L. C. (2006). An EOQ model for deteriorating items with price- and stock-dependent selling rates under inflation and time value of money. International Journal of Systems Science, 37(15), 1131-1139.
Jaggi, C. K., Cárdenas-Barrón, L. E., Tiwari, S., & Shafi, A. (2017). Two-warehouse inventory model for deteriorating items with imperfect quality under the conditions of permissible delay in payments. Scientia Iranica, 24(1), 390-412.
Jaggi, C. K., Khanna, A., & Nidhi, N. (2016). Effects of inflation and time value of money on an inventory system with deteriorating items and partially backlogged shortages. International Journal of Industrial Engineering Computations, 7(2), 267-282.
Jaggi, C. K., Tiwari, S., & Goel, S. (2016). Replenishment policy for non-instantaneous deteriorating items in a two storage facilities under inflationary conditions. International Journal of Industrial Engineering Computations, 7(3), 489-506.
Janssen, L., Claus, T., & Sauer, J. (2016). Literature review of deteriorating inventory models by key topics from 2012 to 2015. International Journal of Production Economics, 182, 86-112.
Jia, J., & Hu, Q. (2011). Dynamic ordering and pricing for a perishable goods supply chain. Computers & Industrial Engineering, 60(2), 302-309.
Khanna, A., Kishore, A., & Jaggi, C. K. (2017). Strategic production modeling for defective items with imperfect inspection process, rework, and sales return under two-level trade credit. International Journal of Industrial Engineering Computations, 8(1), 85-118.
Koschat, M. A. (2008). Store inventory can affect demand: Empirical evidence from magazine retailing. Journal of Retailing, 84(2), 165-179.
Krishnan, H., & Winter, R. A. (2010). Inventory dynamics and supply chain coordination. Management Science, 56(1), 141-147.
Li, Y., Lim, A., & Rodrigues, B. (2008). Note--Pricing and Inventory Control for a Perishable Product. Manufacturing & Service Operations Management, 11(3), 538-542.
Luong, H. T., & Karim, R. (2017). An integrated production inventory model of deteriorating items subject to random machine breakdown with a stochastic repair time. International Journal of Industrial Engineering Computations, 8(2), 217-236.
Maihami, R., & Nakhai Kamalabadi, I. (2012). Joint pricing and inventory control for non-instantaneous deteriorating items with partial backlogging and time and price dependent demand. International Journal of Production Economics, 136(1), 116-122.
Mishra, U., Cárdenas-Barrón, L., Tiwari, S., Shaikh, A., & Treviño-Garza, G. (2017). An inventory model under price and stock dependent demand for controllable deterioration rate with shortages and preservation technology investment. Annals of Operations Research, 254(1/2), 165-190.
Ouyang, L.-Y., Yang, C.-T., Chan, Y.-L., & Cárdenas-Barrón, L. E. (2013). A comprehensive extension of the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity. Applied Mathematics and Computation, 224, 268-277.
Panda, S., Saha, S., & Basu, M. (2009). An EOQ model for perishable products with discounted selling price and stock dependent demand. Central European Journal of Operations Research, 17(1), 31-53.
Pang, Z. (2011). Optimal dynamic pricing and inventory control with stock deterioration and partial backordering. Operations Research Letters, 39(5), 375-379.
Pentico, D. W., & Drake, M. J. (2011). A survey of deterministic models for the EOQ and EPQ with partial backordering. European Journal of Operational Research, 214(2), 179-198.
Rodado, D. N., Escobar, J. W., García-Cáceres, R. G., & Atencio, F. A. N. (2017). A mathematical model for the product mixing and lot-sizing problem by considering stochastic demand. International Journal of Industrial Engineering Computations, 8(2), 237-250.
Shah, N. H., & Cárdenas-Barrón, L. E. (2015). Retailer’s decision for ordering and credit policies for deteriorating items when a supplier offers order-linked credit period or cash discount. Applied Mathematics and Computation, 259, 569-578.
Shavandi, H., Mahlooji, H., & Nosratian, N. E. (2012). A constrained multi-product pricing and inventory control problem. Applied Soft Computing, 12(8), 2454-2461.
Soni, H. N., & Patel, K. A. (2012). Optimal pricing and inventory policies for non-instantaneous deteriorating items with permissible delay in payment: Fuzzy expected value model. International Journal of Industrial Engineering Computations, 3(3), 281-300.
Teng, J.-T., Cárdenas-Barrón, L. E., Chang, H.-J., Wu, J., & Hu, Y. (2016). Inventory lot-size policies for deteriorating items with expiration dates and advance payments. Applied Mathematical Modelling, 40(19), 8605-8616.
Tiwari, S., Cárdenas-Barrón, L. E., Khanna, A., & Jaggi, C. K. (2016). Impact of trade credit and inflation on retailer's ordering policies for non-instantaneous deteriorating items in a two-warehouse environment. International Journal of Production Economics, 176, 154-169.
Tyagi, A. P. (2016). An inventory model with a new credit drift: Flexible trade credit policy. International Journal of Industrial Engineering Computations, 7(1), 67-82.
Valliathal, M., & Uthayakumar, R. (2011). Simple approach of obtaining the optimal pricing and lot-sizing policies for an EPQ model on deteriorating items with shortages under inflation and time-discounting. Istanbul University Journal Of The School Of Business Administration, 40(2), 304-320.
Wee, H.-M., & Law, S.-T. (2001). Replenishment and pricing policy for deteriorating items taking into account the time-value of money. International Journal of Production Economics, 71(1-3), 213–220.
Widyadana, G. A., Cárdenas-Barrón, L. E., & Wee, H. M. (2011). Economic order quantity model for deteriorating items with planned backorder level. Mathematical and Computer Modelling, 54(5), 1569-1575.
Wu, J., Al-khateeb, F. B., Teng, J.-T., & Cárdenas-Barrón, L. E. (2016). Inventory models for deteriorating items with maximum lifetime under downstream partial trade credits to credit-risk customers by discounted cash-flow analysis. International Journal of Production Economics, 171, 105-115.
Wu, J., Ouyang, L.-Y., Cárdenas-Barrón, L. E., & Goyal, S. K. (2014). Optimal credit period and lot size for deteriorating items with expiration dates under two-level trade credit financing. European Journal of Operational Research, 237(3), 898-908.
Yang, H.-L., & Chang, C.-T. (2013). A two-warehouse partial backlogging inventory model for deteriorating items with permissible delay in payment under inflation. Applied Mathematical Modelling, 37(5), 2717-2726.