Dynamic optimisation of price, warranty length and production rate

Pei Chun Lin, Jenhung Wang, Shiao Shan Chin

研究成果: Article同行評審

30 引文 斯高帕斯(Scopus)

摘要

This study investigates a marketing and production problem that uses price, warranty length and production rate as simultaneous dynamic decision variables. Furthermore, this study was conducted under a policy of free replacement of defective items; and under conditions where demand was dynamic and dependent on price, warranty and cumulative sales. A continuous profit maximisation model was formulated, which first considers the expected warranty cost per item. Then, it considers the steps for dynamic optimisation, which eventually derive the optimal price, warranty length and production rate. Discretisation was then applied to the profit maximisation model and a digital computer was used to identify the optimal control paths, obtaining a finite solution that is a set of real numbers for practical application. A model-driven Decision Support System is finally established, which provides a graphical user interface for overcoming the complexity of the analytical process. Subsequently, the proposed system was tested and the analytical solution was verified using several demand functions for additive lifetime distributions, thereby demonstrating the system's effectiveness.

原文English
頁(從 - 到)411-420
頁數10
期刊International Journal of Systems Science
40
發行號4
DOIs
出版狀態Published - 2009 4月

All Science Journal Classification (ASJC) codes

  • 控制與系統工程
  • 理論電腦科學
  • 電腦科學應用

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