Özet:

Organizations are keen on rethinking and optimizing their existing strategies so as to attain profitability. The increasing deterioration rate is fatal for the overall benefit of the organization. An investment in preservation technology is by far the most influential move towards dealing with deterioration adroitly. The proposed framework studies the impact of preservation technology in controlling the lifespan of deteriorating items. Moreover, it is noticed that the demand pattern of many products is reliant on its availability and usability. Obliging with this fact, the demand for the product is considered to be “stock-dependent” and the holding cost is assumed to vary with time. The developed model minimizes the retailer’s total cost by optimizing the cycle span while simultaneously reducing the investment in preservation technology. Numerical examples with various special conditions have been discussed and key model features are explicated through sensitivity analysis.

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