Shah, Nita H.; Shah, Bhavin J.; Wee, H.M. - In: International Journal of Data Analysis Techniques and … 1 (2009) 4, pp. 355-363
In this paper, we present an inventory model with stock-dependent demand and deteriorating inventory. It is assumed that the deterioration rate follows a three-parameter Weibull distribution. The strategy of offering discounts in the selling price to boost demand is studied. The optimal discount...
