Research Article
Optimal Policies for the Pricing and Replenishment of Fashion Apparel considering the Effect of Fashion Level
Table 1
Notations and descriptions.
| variables | ā | | length of replenishment cycle | | selling price per unit | | reservation price | | fashion level of apparel | | inventory level at time | | marginal profit | | order quantity | | demand rate | | average profit per unit time |
| parameters | ā | | maximum sales period | | initial demand rate | | price parameter | | purchasing cost per unit | | inventory holding cost per unit | | deterioration rate of the fashion level | A | ordering cost per order |
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