We consider a single-item inventory system where shipments are consolidated to reduce the transportation cost using a time-based consolidation policy and develop a mathematical model to obtain the optimal price, replenishment quantity and dispatch cycle to maximize the total profit. The long-run...

In this paper, we determine the order quantity and the prices for a perishable product with a multiple period lifetime. Demands for products of different ages are dependent on the prices of mutually “substitutable” products. The problem for a product with lifetime of two periods is first...