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ISSN : 1026-3098
e-ISSN : 2345-3605
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Publication Information : Volume 23 - Number 5 - Successive Number 5
Type : Article
Topics of Paper : Transaction on Industrial Engineering
English Title : Optimal Multi-Products Dynamic Pricing and Inventory Policies for Coordinating Production and Marketing under Fuzzy Environment: Fuzzy Expansion Methods
English Abstract : This paper investigates the optimal multi-products dynamic pricing and inventory policies over a multi-period planning horizon with deteriorating products and a fuzzy demand function. The objective is maximization of the discount profit. A dynamic programming model is presented to determine retail price and replenishment quantities. Also, due to the existence of uncertainties in the parameter values such as cost, deterioration rate, and the optimal strategies in general, it cannot be obtained with high feasibility. So, the concept of fuzzy set theory can be applied to cope whit this issue. Since the presented model is a fuzzy partial differential equation, three novel fuzzy expansion methods including Jacobi polynomials, airfoil polynomials, and fuzzy collocation methods are proposed for solving this problem. Finally, this paper carries out various computational experiments to assess the proposed model and solution approaches.
English Keywords : Dynamic programming; Pricing-inventory policies; Uncertainty; Fuzzy expansion method
Refrences :
Number Of Pages :
From 2297 to 2317


Authors :
The AuthorAuthor SequenceOrganizationOrganization ( english )AffiliationEmailEducation
Behnam Vahdani
(Author)
1Faculty of Industrial and Mechanical Engineering, Qazvin Branch, Islamc Azad University, Qazvin, P.O.Box 3419759811, Iran.  b.vahdani@gmail.com 
shadan Sadigh Behzadi 2Department of Mathematics, Qazvin Branch, Islamic Azad University, Qazvin, P.O.Box 3419759811, Iran.    
Tofigh Allahviranloo 3Department of Mathematics, Science and Research Branch, Islamic Azad University, Tehran, P.O.Box 14515/775 , Iran.    
Published Issues
2017
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Industrial Engineering
2016
2015
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Chemistry and Chemical Engineering
Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
Transactions on Nanotechnology
2014
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Chemistry and Chemical Engineering
Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
Transactions on Nanotechnology
2013
Transactions on Civil Engineering
Transactions on Mechanical Engineering
Transactions on Chemistry and Chemical Engineering
Transactions on Computer Science & Engineering and Electrical Engineering
Transactions on Industrial Engineering
Transactions on Nanotechnology

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