A mathematical model for perishable products with price- and displayed-stock-dependent demand
Type :
Article
Publication Status :
published
Access :
restrictedAccess
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.
Source :
Computers & Industrial Engineering
Date :
2016-12
Volume :
102
Publisher :
Elsevier
URI
http://hdl.handle.net/10679/4717http://www.sciencedirect.com/science/article/pii/S0360835216304181
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