The ramification of dynamic investment on the promotion and preservation technology for inventory management through a modified flower pollination algorithm

The dynamic rate of investment in promotion during different price-ranges and the optimum investment in preservation technology are developed for seasonable or fashionable products through their lifespan. An order level inventory model for deteriorating items with promotional price and trapezoidal-type demand rate is used to maximize the profit of a retailer. The deterioration rate is dependent on the preservation technology i.e., more...