TY - JOUR AU - Pattnaik, M. PY - 2011 TI - A Note on Non Linear Optimal Inventory Policy Involving Instant Deterioration of Perishable Items with Price Discounts JO - Journal of Mathematics and Computer Science SP - 145--155 VL - 3 IS - 2 AB - This paper derives a non linear optimal inventory policy involving instant deterioration of perishable items with allowing price discounts. This paper postulates that the inventory policy of perishable items very much resembles that of price discounts. Such a parallel policy suggests that improvements to production systems may be achievable by applying price discounts to increase demand rate of the perishable items. This paper shows how discounted approach reduces to perfect results, and how the post deteriorated discounted EOQ model is a generalization of optimization. The objective of this paper is to determine the optimal price discount, the cycle length and the replenishment quantity so that the net profit is maximized. The numerical analyses show that an appropriate discounted pricing policy can benefit the retailer and that discounted pricing policy is important, especially for deteriorating items. Furthermore the instant post deteriorated price discount crisp economic order quantity (CEOQ) model is shown to be superior in terms of profit maximization. The sensitivity analysis of parameters on the optimal solution is carried out. SN - ISSN 2008-949X UR - http://dx.doi.org/10.22436/jmcs.03.02.06 DO - 10.22436/jmcs.03.02.06 ID - Pattnaik2011 ER - TY - JOUR TI - An advertising inclusive production lot size model under continuous discount pricing AU - D. S. Dave AU - K. E. Fitzapatrick AU - J. R. Baker JO - Computational Industrial Engineering PY - 1995 DA - 1995// VL - 30 ID - Dave1995 ER - TY - BOOK TI - Optimization for Engineering Design: Algorithms and Examples AU - K. 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