Interactions between members of a marketing-production channel under seasonal demand

Article Abstract:

The optimal policies of a marketing-production team operating at seasonal demand are analyzed with respect to the pricing, production and processing decisions of each member of the group. Three different contracts and several channel structures are considered in the study. Results indicate that type of contract does not have any significant impact on the retailer's price. However, this parameter significantly affects the manufacturer's price and production rate.

Models, Marketing research, Market research

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Analysis of deteriorating inventory/production systems using a linear quadratic regulator

Article Abstract:

A linear quadratic regulator (LQR) technique was employed to assess an inventory-production system with constantly deteriorating items. The LQR technique allows for the establishment of optimal production policy through effective control of inventory-production systems deterioration. Such optimal production policy aims to lessen expenditure related to inventory level and production rate.

Production Management, Analysis, Linear systems

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