The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle
et | 30 déc. 2016
À propos de cet article
Publié en ligne: 30 déc. 2016
Pages: 208 - 221
Reçu: 21 août 2015
Accepté: 27 juin 2016
DOI: https://doi.org/10.1515/foli-2016-0013
Mots clés
© 2016 University of Szczecin
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
In the paper, the mathematical model of demand and inventory is studied from the perspective of its applications in real business cases. The model is formulated with three difference equations of first order. Three scenarios focused on the last phase of the product life cycle, a decline, are investigated and commented upon.