An Insight into the Impacts of Memory, Selling Price and Displayed Stock on a Retailer’s Decision in an Inventory Management Problem

An Insight into the Impacts of Memory, Selling Price and Displayed Stock on a Retailer’s Decision in an Inventory Management Problem

The present paper aims to demonstrate the combined impact of memory, selling price, and exhibited stock on a retailer’s decision to maximizing the profit. Exhibited stock endorses demand and low selling prices are also helpful for creating demand. The proposed mathematical model considers demand as...

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Bibliographic Details
Main Authors: Mostafijur Rahaman, Reda M. S. Abdulaal, Omer A. Bafail, Manojit Das, Shariful Alam, Sankar Prasad Mondal
Format: Article
Language:English
Published: MDPI AG 2022-09-01
Series:Fractal and Fractional
Subjects:
Caputo and Riemann–Liouville’s derivative
EOQ model
shortage
selling price
memory
displayed stock
Online Access:https://www.mdpi.com/2504-3110/6/9/531

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