Abstract

Clothes are products that follow short-life fashion and market demand. Products with a short lifetime occur due to technological developments and/or changes in market tastes. The clothing industry is one of the industries that has a short and obsolete sales period in stages. The excess number of products that accumulate in the warehouse due to obsolescence can cause the company to get a profit that is not optimal. One strategy to increase demand for the product is to apply discounts. There are two types of discounts used, namely a single discount and multiple discounts. The demand function of inventory model is considered analogous to the logistic growth model. The results show profit is maximized to get optimal order quantity and optimal discount price.

Details

Title
Inventory models for short life cycle clothing products use a logistic growth model
Author
Lukitosari, V 1 ; Subriadi, A P 2 

 Mathematics Department, Faculty of Mathematics, Computing, and Data Science, Sepuluh Nopember Institute of Technology (ITS), Surabaya 60111, Indonesia 
 Department of Information System, Sepuluh Nopember Institute of Technology (ITS), Surabaya 60111, Indonesia 
Publication year
2020
Publication date
Mar 2020
Publisher
IOP Publishing
ISSN
17426588
e-ISSN
17426596
Source type
Scholarly Journal
Language of publication
English
ProQuest document ID
2569689050
Copyright
© 2020. This work is published under http://creativecommons.org/licenses/by/3.0/ (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License.