Inventory models for short life cycle clothing products use a logistic growth model

Abstract

Clothes are products that follow short-life fashion and market demand. Products with a short lifetime occur due to technological developments and/or changes in market tastes. The clothing industry is one of the industries that has a short and obsolete sales period in stages. The excess number of products that accumulate in the warehouse due to obsolescence can cause the company to get a profit that is not optimal. One strategy to increase demand for the product is to apply discounts. There are two types of discounts used, namely a single discount and multiple discounts. The demand function of inventory model is considered analogous to the logistic growth model. The results show profit is maximized to get optimal order quantity and optimal discount price.