The Model of Demand and Inventory in a Decline Phase of the Product Life Cycle
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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.
Language: English
Page range: 208 - 221
Submitted on: Aug 21, 2015
Accepted on: Jun 27, 2016
Published on: Dec 30, 2016
Published by: Sciendo
In partnership with: Paradigm Publishing Services
Publication frequency: 2 times per year
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© 2016 Piotr Hachuła, Ewa Schmeidel, published by Sciendo
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.