The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle
and | Dec 30, 2016
About this article
Published Online: Dec 30, 2016
Page range: 208 - 221
Received: Aug 21, 2015
Accepted: Jun 27, 2016
DOI: https://doi.org/10.1515/foli-2016-0013
Keywords
© 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.