RETAILER’S ORDERING AND PRICING STRATEGY FOR NEW PRODUCT AND BUYBACK STRATEGY FOR USED PRODUCT WITH DETERIORATION

International Journal of Operations Research

article

Dharmesh K Katariya¹  Kunal T Shukla² 

[1] Gujarat Technological University, Ahmadabad, Gujarat, India – 382424, Shantilal Shah Government Engineering College;Vishwakarma Government Engineering College

关键词: Inventory;    Price dependent demand;    Replenishment quantity;    used buyback Product;    deterioration.;   

DOI  :  10.6886/IJOR.202106_18(2).0002

学科分类：数学（综合）

来源: Operations research society of Taiwan

【 摘 要 】

To prolong limited natural resources and persuade green production not only manufacturers and governmentbut consumer is also concerned about the effects of manufacturing on the environment. As a result, consumers haveshown their curiosity to buy used or refurbished product. This paper presents a methodology to provide optimalpricing and ordering strategy for new product and buy back strategy for used product for retailer. The rate of demandis assumed to be nonlinear function of price and time for new product, and linear function of price and time for buyback used product. The objective is to maximize total profit per time unit for retailer with respect to optimal priceand ordering quantity for new product and optimal buy back quantity for used product. The model is illustrated withnumerical examples and sensitivity analysis is performed for key parameters.

【 授权许可】

CC BY