{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,7,13]],"date-time":"2026-07-13T10:06:43Z","timestamp":1783937203712,"version":"3.55.0"},"reference-count":42,"publisher":"EDP Sciences","issue":"2","license":[{"start":{"date-parts":[[2022,3,25]],"date-time":"2022-03-25T00:00:00Z","timestamp":1648166400000},"content-version":"vor","delay-in-days":24,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0"}],"funder":[{"DOI":"10.13039\/501100007063","name":"University of Delhi","doi-asserted-by":"publisher","award":["lOE\/FRP\/PCMS\/2020\/27"],"award-info":[{"award-number":["lOE\/FRP\/PCMS\/2020\/27"]}],"id":[{"id":"10.13039\/501100007063","id-type":"DOI","asserted-by":"publisher"}]}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["RAIRO-Oper. Res."],"accepted":{"date-parts":[[2022,2,5]]},"published-print":{"date-parts":[[2022,3]]},"abstract":"<jats:p>With recent developments in the technological world, the issue of deterioration has been addressed efficiently through preservation technology by numerous researchers. The fundamental concept of preservation technology involves an investment that is majorly dependent on the initial deterioration rate, irrespective of the selling price of the product. Owing to this, two different products having the same deterioration rate but different selling price requires equal investment, which is irrational. Further, the investment in preservation technology was considered to be per unit time irrespective of the number of units being held, which is again a major drawback of the existing literature. Thus, this paper attempts to bridge the gap by proposing a realistic way of implementing preservation technology, where not only the investment is per unit, but also depends on the selling price of that unit. The model jointly optimizes the selling price, the fraction of per unit profit to be invested in preservation technology, and cycle length to maximize the overall profit. The proposed model proves out to be economically more viable, through superior cost management, when compared with the existing model. The model is further illustrated with comparative numerical examples and graphical representations. Moreover, sensitivity analysis is performed to convey model characteristics.<\/jats:p>","DOI":"10.1051\/ro\/2022015","type":"journal-article","created":{"date-parts":[[2022,2,8]],"date-time":"2022-02-08T09:21:00Z","timestamp":1644312060000},"page":"601-617","source":"Crossref","is-referenced-by-count":29,"title":["Optimal inventory strategies for deteriorating items with price-sensitive investment in preservation technology"],"prefix":"10.1051","volume":"56","author":[{"family":"Priyamvada","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"family":"Rini","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-6179-8376","authenticated-orcid":false,"given":"Chandra K.","family":"Jaggi","sequence":"additional","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"250","published-online":{"date-parts":[[2022,3,25]]},"reference":[{"key":"R1","doi-asserted-by":"crossref","first-page":"658","DOI":"10.1057\/jors.1995.90","volume":"46","author":"Aggarwal","year":"1995","journal-title":"J. Oper. Res. Soc."},{"key":"R2","doi-asserted-by":"crossref","first-page":"16","DOI":"10.1016\/j.ijpe.2014.01.013","volume":"155","author":"Andriolo","year":"2014","journal-title":"Int. J. Prod. Econ."},{"key":"R3","doi-asserted-by":"crossref","first-page":"275","DOI":"10.1016\/j.ejor.2012.03.004","volume":"221","author":"Bakker","year":"2012","journal-title":"Eur. J. Oper. Res."},{"key":"R4","first-page":"347","volume":"19","author":"Bardhan","year":"2019","journal-title":"Oper. Res."},{"key":"R5","doi-asserted-by":"crossref","first-page":"368","DOI":"10.1016\/j.tre.2018.12.014","volume":"122","author":"Daryanto","year":"2019","journal-title":"Transp. Res. Part E: Logistics Transp. Rev."},{"key":"R6","doi-asserted-by":"crossref","first-page":"1359","DOI":"10.1016\/j.aej.2020.03.006","volume":"59","author":"Das","year":"2020","journal-title":"Alexandria Eng. J."},{"key":"R7","first-page":"238","volume":"14","author":"Ghare","year":"1963","journal-title":"J Ind. Eng."},{"key":"R8","doi-asserted-by":"crossref","first-page":"25","DOI":"10.1016\/j.cam.2012.09.016","volume":"239","author":"Hsieh","year":"2013","journal-title":"J. Comput. Appl. Math."},{"key":"R9","doi-asserted-by":"crossref","first-page":"388","DOI":"10.1016\/j.ijpe.2009.11.034","volume":"124","author":"Hsu","year":"2010","journal-title":"Int. J. Prod. Econ."},{"key":"R10","doi-asserted-by":"crossref","first-page":"151","DOI":"10.1016\/0925-5273(94)90031-0","volume":"34","author":"Jaggi","year":"1994","journal-title":"Int. J. Prod. Econ."},{"key":"R11","doi-asserted-by":"crossref","first-page":"707","DOI":"10.1016\/j.ijpe.2006.01.004","volume":"103","author":"Jaggi","year":"2006","journal-title":"Int. J. Prod. Econ."},{"key":"R12","first-page":"292","volume":"6","author":"Jaggi","year":"2011","journal-title":"Int. J. Serv. Oper. Inf."},{"key":"R13","first-page":"491","volume":"6","author":"Jaggi","year":"2015","journal-title":"Int. J. Ind. Eng. Comput."},{"key":"R14","doi-asserted-by":"crossref","first-page":"378","DOI":"10.1016\/j.cie.2015.07.019","volume":"88","author":"Jaggi","year":"2015","journal-title":"Comput. Ind. Eng."},{"key":"R15","doi-asserted-by":"crossref","first-page":"253","DOI":"10.1007\/s10479-016-2179-3","volume":"248","author":"Jaggi","year":"2017","journal-title":"Ann. Oper. Res."},{"key":"R16","doi-asserted-by":"crossref","unstructured":"Jaggi C.K., Gautam P. and Khanna A., Credit policies for deteriorating imperfect quality items with exponentially increasing demand and partial backlogging. In: Handbook of Research on Promoting Business Process Improvement Through Inventory Control Techniques. IGI Global (2018) 90\u2013106.","DOI":"10.4018\/978-1-5225-3232-3.ch006"},{"key":"R17","doi-asserted-by":"crossref","first-page":"86","DOI":"10.1016\/j.ijpe.2016.08.019","volume":"182","author":"Janssen","year":"2016","journal-title":"Int. J. Prod. Econ."},{"key":"R18","doi-asserted-by":"crossref","first-page":"45","DOI":"10.5267\/j.dsl.2015.9.001","volume":"5","author":"Khanna","year":"2016","journal-title":"Decis. Sci. Lett."},{"key":"R19","first-page":"110","volume":"2","author":"Khanna","year":"2017","journal-title":"Int. J. Math. Eng. Manage. Sci."},{"key":"R20","first-page":"117","volume":"3","author":"Li","year":"2010","journal-title":"J. Serv. Sci. Manage."},{"key":"R21","doi-asserted-by":"crossref","first-page":"114","DOI":"10.1016\/j.omega.2018.05.001","volume":"84","author":"Li","year":"2019","journal-title":"Omega"},{"key":"R22","doi-asserted-by":"crossref","first-page":"199","DOI":"10.1016\/j.ejor.2004.12.002","volume":"173","author":"Mandal","year":"2006","journal-title":"Eur. J. Oper. Res."},{"key":"R23","doi-asserted-by":"crossref","first-page":"1645","DOI":"10.1108\/K-05-2019-0357","volume":"49","author":"Mashud","year":"2020","journal-title":"Kybernetes"},{"key":"R24","doi-asserted-by":"crossref","first-page":"51","DOI":"10.1051\/ro\/2019095","volume":"55","author":"Mashud","year":"2021","journal-title":"RAIRO-Oper. Res."},{"key":"R25","doi-asserted-by":"crossref","first-page":"3273","DOI":"10.1016\/j.apm.2010.02.019","volume":"34","author":"Min","year":"2010","journal-title":"Appl. Math. Modell."},{"key":"R26","doi-asserted-by":"crossref","first-page":"287","DOI":"10.1007\/s12530-016-9150-z","volume":"7","author":"Mishra","year":"2016","journal-title":"Evolving Syst."},{"key":"R27","doi-asserted-by":"crossref","unstructured":"Mishra U., Tijerina-Aguilera J., Tiwari S. and C\u00e1rdenas-Barr\u00f3n L.E., Retailer\u2019s joint ordering, pricing, and preservation technology investment policies for a deteriorating item under permissible delay in payments. Math. Prob. Eng. 2018 (2018).","DOI":"10.1155\/2018\/6962417"},{"key":"R28","doi-asserted-by":"crossref","first-page":"118","DOI":"10.1016\/j.jclepro.2019.118807","volume":"244","author":"Mishra","year":"2020","journal-title":"J. Cleaner Prod."},{"key":"R29","doi-asserted-by":"crossref","first-page":"301","DOI":"10.1016\/j.cie.2007.07.011","volume":"54","author":"Panda","year":"2008","journal-title":"Comput. Ind. Eng."},{"key":"R30","doi-asserted-by":"crossref","first-page":"117","DOI":"10.1016\/j.tekhne.2017.09.002","volume":"15","author":"Panda","year":"2017","journal-title":"T\u00e9khne"},{"key":"R31","doi-asserted-by":"crossref","first-page":"437","DOI":"10.1007\/s10479-016-2355-5","volume":"260","author":"Pervin","year":"2018","journal-title":"Ann. Oper. Res."},{"key":"R32","doi-asserted-by":"crossref","unstructured":"Pitt J.I. and Hocking A.D., Spoilage of stored, processed and preserved foods. In: Fungi and Food Spoilage. Springer, Boston, MA (2009) 401\u2013421.","DOI":"10.1007\/978-0-387-92207-2_12"},{"key":"R33","first-page":"6248","volume":"217","author":"Sana","year":"2011","journal-title":"Appl. Math. Comput."},{"key":"R34","doi-asserted-by":"crossref","first-page":"140","DOI":"10.1016\/j.ijpe.2014.12.025","volume":"161","author":"Saha","year":"2015","journal-title":"Int. J. Prod. Econ."},{"key":"R35","doi-asserted-by":"crossref","unstructured":"Shaikh A.A., Tiwari S. and C\u00e1rdenas-Barr\u00f3n L.E., An Economic Order Quantity (EOQ) inventory model for a deteriorating item with interval-valued inventory costs, price-dependent demand, two-level credit policy, and shortages. In: Optimization and Inventory Management, edited by: Shah N.H. and Mittal M.. Assets Analytics. Springer (2020) 21\u201353.","DOI":"10.1007\/978-981-13-9698-4_2"},{"key":"R36","doi-asserted-by":"crossref","unstructured":"Shaw B.K., Sangal I. and Sarkar B., Joint effects of carbon emission, deterioration, and multi-stage inspection policy in an integrated inventory model. In: Optimization and Inventory Management, edited by: Shah N.H. and Mittal M.. Assets Analytics. Springer (2020) 195\u2013208.","DOI":"10.1007\/978-981-13-9698-4_11"},{"key":"R37","doi-asserted-by":"crossref","unstructured":"Singh S.R. and Sharma S., A global optimizing policy for decaying items with ramp-type demand rate under two-level trade credit financing taking account of preservation technology. Adv. Decis. Sci. 2013 (2013).","DOI":"10.1155\/2013\/126385"},{"key":"R38","doi-asserted-by":"crossref","first-page":"189","DOI":"10.3390\/math7020189","volume":"7","author":"Ullah","year":"2019","journal-title":"Mathematics"},{"key":"R39","doi-asserted-by":"crossref","first-page":"475","DOI":"10.1007\/s10479-012-1213-3","volume":"201","author":"Wang","year":"2012","journal-title":"Ann. Oper. Res."},{"key":"R40","doi-asserted-by":"crossref","first-page":"743","DOI":"10.1016\/j.ijpe.2013.06.004","volume":"145","author":"Xiao","year":"2013","journal-title":"Int. J. Prod. Econ."},{"key":"R41","doi-asserted-by":"crossref","first-page":"1261","DOI":"10.3934\/jimo.2014.10.1261","volume":"10","author":"Zhang","year":"2014","journal-title":"J. Ind. Manage. Optim."},{"key":"R42","doi-asserted-by":"crossref","first-page":"1","DOI":"10.1016\/j.cie.2016.02.014","volume":"95","author":"Zhang","year":"2016","journal-title":"Comput. Ind. Eng."}],"container-title":["RAIRO - Operations Research"],"original-title":[],"link":[{"URL":"https:\/\/www.rairo-ro.org\/10.1051\/ro\/2022015\/pdf","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,1,26]],"date-time":"2023-01-26T07:11:54Z","timestamp":1674717114000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.rairo-ro.org\/10.1051\/ro\/2022015"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2022,3]]},"references-count":42,"journal-issue":{"issue":"2"},"alternative-id":["ro200272"],"URL":"https:\/\/doi.org\/10.1051\/ro\/2022015","relation":{},"ISSN":["0399-0559","2804-7303"],"issn-type":[{"value":"0399-0559","type":"print"},{"value":"2804-7303","type":"electronic"}],"subject":[],"published":{"date-parts":[[2022,3]]}}}