Document Details

Document Type : Article In Journal 
Document Title :
Combined Optimal Price and Optimal Inventory Ordering Policy with Income Elasticity
سياسة العروض المشتركة للكلفة المثلى والجرد الأمثل في ظل مرونة العائد
 
Subject : Mathematics 
Document Language : English 
Abstract : In the present paper, the effect of income elasticity on demand has been considered and the buyer?s optimal special order quantity and optimal time has been determined, when supplier reduces sale price then buyer may offer a discount to push his sale to increase his profit margin. Income elasticity effect in inventory analysis has been introduced to obtain the gain equation to find the optimal special order quantity and profit associated with it when remnant inventory is zero. The profit and optimal order quantity are also derived when remnant inventory is finite. The cost of saving was also determined when due to inflation rise in the sale price is imminent. Finally optimal inventory ordering policy has been discussed to get maximum profit. 
ISSN : 1319-1047 
Journal Name : Engineering Sciences Journal 
Volume : 12 
Issue Number : 2 
Publishing Year : 1420 AH
2000 AD 
Number Of Pages : 13 
Article Type : Article 
Added Date : Sunday, October 11, 2009 

Researchers

Researcher Name (Arabic)Researcher Name (English)Researcher TypeDr GradeEmail
ر. م. بهنداريR. M. BHANDARIResearcher  
ب. ك. شارماP. K. SHARMAResearcher  

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