TY - JOUR ID - 4038 TI - An Integrated Pricing and Inventory Model for Deteriorating Products in a two stage supply chain under Replacement and Shortage JO - Scientia Iranica JA - SCI LA - en SN - 1026-3098 AU - Teimoury, Ebrahim AU - Kazemi, Seyed Mohamad Mehdi AD - Iran University of Science and Technology AD - دانشکده مهندسی صنایع دانشگاه علم و صنعت Y1 - 2017 PY - 2017 VL - 24 IS - 1 SP - 342 EP - 354 KW - optimization KW - Supply chain KW - Inventory KW - Pricing KW - Deterioration KW - Replacement KW - and Shortage DO - 10.24200/sci.2017.4038 N2 -           In this paper a two-stage supply chain including a wholesaler and a retailer is investigated. In which retailer acts as a vendor and sells the products to the final customers. This chain only produces a single deteriorating product with constant deteriorating rate. Demand in this chain is deterministic and lead time for replenishment and replacement of retailer’s stock is considered to be zero. The objective of this study is to maximize total chain’s profit by determining the optimal values of retailer’s selling price () and order cycle length (). Since due to deterioration, a part of the initial stock is deteriorated, so the retailer residuals (recycles) the deteriorated part and replace healthy product as needed instead. Two scenarios with shortage and without shortage assumption are developed. Finally numerical examples are presented to show the applicability of the proposed models and sensitivity analyze on some parameter’s values is conducted. UR - https://scientiairanica.sharif.edu/article_4038.html L1 - https://scientiairanica.sharif.edu/article_4038_b59fc16f120d48d05248e1afff993ece.pdf ER -