The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle
und | 30. Dez. 2016
Über diesen Artikel
Online veröffentlicht: 30. Dez. 2016
Seitenbereich: 208 - 221
Eingereicht: 21. Aug. 2015
Akzeptiert: 27. Juni 2016
DOI: https://doi.org/10.1515/foli-2016-0013
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© 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.