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《Mathematics in Practice and Theory》 2008-01
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Retailer's Order Policy for Perishable Products with Demand Information Updating

CHEN Liu-xin1,2,LI Jun1(1.School of Economics & Management,Southwest Jiaotong University,Chengdu 610031,China)(2.Institute of Appl.Math.Chongqing University of Posts and Telecommunication,Chongqing 400065,China)  
In order to improving the schedule for production and reducing the cost,the vendor provides two ordering opportunities for retailer and how retailer make a decision for ordering perishable products with demand information updating.In this paper,we study retailer′s order policy for perishable products based on the different wholesale price with demand information updating.By analyzing the Bayesian model we construct,we obtain the optimal ordering policy that the retailer should take.We extend the present results and correct some present results.
【Fund】: 高等学校博士点专项基金(20030613016);; 教育部新世纪优秀人才支持计划(NCET-04-0886);; 重庆邮电大学自然科学基金(A2006-54)
【CateGory Index】: F717
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