Tag: ramp type demand

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Optimal Ordering Policy for Seasonal Products/ Newly Launched Fashion Items under Periodic Review

We investigate several characteristics that are expected to be connected with various forms of inventory, such as seasonal product inventories, newly introduced fashion items, electronic goods, mobile phones, and so on. With a ramp type demand rate, a periodic review inventory model is created. When the inventory on hand reaches zero, the inventory manager provides…
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June 8, 2021 0

Optimal Inventory Policy and Optimal Price Discount on Backorders under Ramp Type Demand Environment

The demand rate is believed to be constant in classical inventory models. In fact, in the inventory system, time plays an important role. In the case of the demand rate of the ramp form, the demand rises to a certain limit over time and then gradually stabilises and becomes constant. In this paper, an inventory…
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January 7, 2021 0