@article { author = {Taleizadeh, Ata Allah and Rasuli-Baghban, Arezu}, title = {Pricing and Lot sizing of a Decaying item under Group Dispatching with Time-dependent Demand and Decay Rates}, journal = {Scientia Iranica}, volume = {25}, number = {3}, pages = {1656-1670}, year = {2018}, publisher = {Sharif University of Technology}, issn = {1026-3098}, eissn = {2345-3605}, doi = {10.24200/sci.2017.4449}, abstract = {Determining appropriate inventory and pricing policies is an important issue in scientific and industrial researches. Here an inventory control model of a decaying item with zero lead time is studied. Two mathematical models under different assumptions are developed.In the first model deterioration rate is time-dependent and demand rate is price sensitive while in the second model deterioration rate is constant and demand rate is time- and price-dependent. Aim of this research is optimizing total cost by deriving decision variables such as dispatch cycle length, order quantity and wholesale price. To optimize the total cost a shipment group dispatching policy is used.}, keywords = {Economic order quantity,Economic lot sizing,Pricing,Inventory,Deterioration,Replenishment,Group Dispatching}, url = {https://scientiairanica.sharif.edu/article_4449.html}, eprint = {https://scientiairanica.sharif.edu/article_4449_516efb2cb04c9dfd8e04908af1019019.pdf} }