Backlog level

In this paper, we discussed the effects of discount price on demand and profit in a diminishing market. A production plan has been suggested for an imperfect production system. Here, demand is considered to be price sensitive and negative power function of the selling price. This problem is solved by optimization, using the Hessian matrix of order three. The main objective is to find the optimal excepted average profit, optimal selling price, discount rate, backorder level, and lot-size. The recommendations are provided to offer a price discount for limited sale season on different occasions.

21p danhnguyentuongvi27 19-12-2018 24 1   Download

The inventory-level demand reflects a real market demand for product whose sales is enhanced by stock on display. We study a case base examples to gain some quantitative insight into the proposed model and we perform sensitivity analysis to draw some managerial implications.

15p danhnguyentuongvi27 19-12-2018 21 0   Download

A continuous production control inventory model for deteriorating items with shortages is developed. A number of structural properties of the inventory system are studied analytically. The formulae for the optimal average system cost, stock level, backlog level and production cycle time are derived when the deterioration rate is very small. Numerical examples are taken to illustrate the procedure of finding the optimal total inventory cost, stock level, backlog level and production cycle time.

12p vinguyentuongdanh 20-12-2018 21 0   Download

The demand and supply side of the housing markets have been diverging for a while now. New households’ formation indicates a need for new dwellings to the extent of some 233,000 per year 4 . There is already a substantial backlog in building homes for individual households. The need for new dwellings is clear. Supply, demand and the price mechanism do not seem to get the market moving in the desired direction. The main cause is that the supply is driven by demand, but demand is not driven by supply but by individual households’ income and home equity levels. The...

8p hoangphiyeah1tv 18-04-2013 66 3   Download