A Learning-Based Optimal Decision Scenario for an Inventory Problem under a Price Discount Policy

A Learning-Based Optimal Decision Scenario for an Inventory Problem under a Price Discount Policy

This paper aims to design an inventory model for a retail enterprise with a profit maximization objective using the opportunity for a price discount facility given by a supplier. In the profit maximization objective, the demand should be increased. The demand can be boosted by lowering the selling p...

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Bibliographic Details
Main Authors: Alaa Fouad Momena, Mostafijur Rahaman, Rakibul Haque, Shariful Alam, Sankar Prasad Mondal
Format: Article
Language:English
Published: MDPI AG 2023-05-01
Series:Systems
Subjects:
EOQ model
price-dependent demand
discount
selling price
dense fuzzy
learning
Online Access:https://www.mdpi.com/2079-8954/11/5/235

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