Joint Determination of Optimal Inventory and Marketing Policies

01/03/1989

Joint Determination of Optimal Inventory and Marketing Policies

Rao P Poornachandra

Working Papers

  • facebook
  • linkedin
  • twitter
  • whatsapp

In this paper a mathematical model has been developed in which the interaction of Economic Order Quantities with marketing policies have been considered. The model assumes the demand as a function of the four marketing variables viz., selling price, advertising effort, distribution effort and product quality. The model also allows the possibility of a fraction of the items getting damaged.

IIMA