The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle
The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle
Author(s): Piotr Hachuła, Ewa SchmeidelSubject(s): Economy, Micro-Economics, Financial Markets, Socio-Economic Research
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: demand; inventory; mathematical model; product life cycle; supply chain
Summary/Abstract: 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.
Journal: Folia Oeconomica Stetinensia
- Issue Year: 16/2016
- Issue No: 1
- Page Range: 208-221
- Page Count: 14
- Language: English
