An Inventory Model for Seasonal products with varying demand function and price discount

S. Anusuya Baggiyalakshmi; M.Maragatham; P. Mariappan

An Inventory Model for Seasonal products with varying demand function and price discount

Authors

S. Anusuya Baggiyalakshmi Research Scholar PG and Research Dept. of Mathematics Thanthai Periyar Government Arts and Science College (Autonomous)* Tiruchirappalli, India
M.Maragatham Associate Professor of Mathematics PG and Research Dept. of Mathematics Thanthai Periyar Government Arts and Science College (Autonomous)* Tiruchirappalli, India
P. Mariappan Department of Supply Chain Management and International Relations, St. Joseph’s Institute of Management, Tiruchriappallli – 620 002, India

Keywords:

Sine function, Seasonal products and Discount.

Abstract

Typically, demand is modelled as either an increasing or decreasing function. However, when dealing with seasonal products, the demand tends to follow a variable pattern. In this paper, we adopt a sin function to represent the fluctuating demand. Additionally, we introduce a discount strategy for the product, activated after a specific duration. In this context, we are focusing on optimizing to enhance profit maximization.

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Published

2024-09-21

How to Cite

S. Anusuya Baggiyalakshmi, M.Maragatham, & P. Mariappan. (2024). An Inventory Model for Seasonal products with varying demand function and price discount. Journal of Computational Analysis and Applications (JoCAAA), 33(07), 568–571. Retrieved from https://eudoxuspress.com/index.php/pub/article/view/1111