The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle

Piotr Hachuła; Ewa Schmeidel

doi:10.1515/foli-2016-0013

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The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle

Folia Oeconomica Stetinensia

Volume 16 (2016): Issue 1 (December 2016)

By: Piotr Hachuła and Ewa Schmeidel

Open Access

|Dec 2016

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.

References

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Articles in this issue

DOI: https://doi.org/10.1515/foli-2016-0013 | Journal eISSN: 1898-0198 | Journal ISSN: 1730-4237

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Language: English

Page range: 208 - 221

Submitted on: Aug 21, 2015

Accepted on: Jun 27, 2016

Published on: Dec 30, 2016

Published by: University of Szczecin

In partnership with: Paradigm Publishing Services

Publication frequency: 2 issues per year

Keywords:

demand,

Related subjects:

Business and economics,

Political economics,

Political economics, other

© 2016 Piotr Hachuła, Ewa Schmeidel, published by University of Szczecin
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Volume 16 (2016): Issue 1 (December 2016)