Optimizing price, order quantity, and backordering level using a nonlinear holding cost and a power demand pattern

•This paper builds an inventory model with shortages and these are completely backordered.•The demand for the product jointly combines the impact of the selling price and a time power function.•The holding cost is a power of the time that the product is held in storage.•An effective and efficient al...

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Veröffentlicht in:	Computers & operations research 2021-09, Vol.133, p.105339, Article 105339
Hauptverfasser:	Cárdenas-Barrón, Leopoldo Eduardo, Mandal, Buddhadev, Sicilia, Joaquín, San-José, Luis A., Abdul-Jalbar, Beatriz
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Backlogging level Demand Mathematical models Nonlinear holding cost Operations research Optimization Order quantity Power demand pattern Pricing Sensitivity analysis Shortages
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