Journal ArticleDOI
Joint pricing and inventory management with deterministic demand and costly price adjustment
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A joint inventory and pricing model of a single product over a finite planning horizon with deterministic demand with polynomial time algorithms to maximize the total profit is analyzed.About:
This article is published in Operations Research Letters.The article was published on 2012-09-01. It has received 37 citations till now. The article focuses on the topics: Limit price & Reservation price.read more
Citations
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Journal ArticleDOI
Optimality of two-sided ( α , Σ ) policy in capacity expansion problem
Xiaoming Yan,Yong Wang +1 more
TL;DR: This note considers Ye and Duenyas's capacity investment problem over a horizon of infinite periods with stationary parameters and shows that the optimal policy has a two-sided structure and the parameters in the optimalpolicy can be determined by the single-period profit function.
Book ChapterDOI
Pricing and Lot-Sizing Decisions in Retail Industry: A Fuzzy Chance Constraint Approach
TL;DR: In this article, a fuzzy chance constraint multi-objective programming model based on p-fractile approach is proposed to determine the optimal price, marketing expenditure and lot size, considering pricing, marketing and lot-sizing decisions simultaneously, a possibilistic programming based on necessity measure is considered to handle imprecise data and constraints.
Journal ArticleDOI
Optimal Pricing Strategies in Presence of Advance Booking Strategies for Complementary Supply Chains
TL;DR: In this paper, the authors deal with a selling problem for two complementary supply chains including a supplier and a shopping center where the commodities are sold by a virtual and a traditional shopping center who present items as complementary shopping centers.
Journal ArticleDOI
Integrating online and offline business of a retailer: A customer utility based inventory model
TL;DR: In this article , a utility-based approach has been proposed to reflect the customers' choice behavior over the available alternatives, where they have incorporated product availability factor along with product valuation, price and hassle cost, as the observed factors.
Journal ArticleDOI
Menu Costs and the Bullwhip Effect: Supply Chain Implications of Dynamic Pricing
TL;DR: In this article , the authors fit a pricing and ordering model to data from a large Chinese supermarket chain (daily prices, sales, inventories, and shipments from products from seven categories at 78 stores for 3.5 years) and then simulate a counterfactual grocery chain in which the estimated price-adjustment costs are set to zero.
References
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Journal ArticleDOI
Dynamic Version of the Economic Lot Size Model
Harvey M. Wagner,T. M. Whitin +1 more
TL;DR: Disjoint planning horizons are shown to be possible which eliminate the necessity of having data for the full N periods and desire a minimum total cost inventory management scheme which satisfies known demand in every period.
DYNAMIC VERSION OF THE ECONOMIC LOT SIZE MODEL*t
Harvey M. Wagner,T. M. Whitin +1 more
TL;DR: In this paper, a forward algorithm for a solution to the following dynamic version of the economic lot size model is given: allowing the possibility of demands for a single item,,inventory holding charges, anid setup costs to vary over N periods, we desire a minimum total cost inventory management scheme which satisfies known demand in every period.
Journal ArticleDOI
The Magnitude of Menu Costs: Direct Evidence from Large U. S. Supermarket Chains
TL;DR: In this article, the authors use store-level data to document the exact process of changing prices and to directly measure menu costs at five multistore supermarket chains and show that changing prices in these establishments is a complex process, requiring dozens of steps and a nontrivial amount of resources.
Journal ArticleDOI
Managerial and Customer Costs of Price Adjustment: Direct Evidence from Industrial Markets
TL;DR: In this article, the authors study the price adjustment practices and provide quantita- tive measurement of the managerial and customer costs of price adjust- ment using data from a large U.S. industrial manufacturer and its custom- ers.
Journal ArticleDOI
Economic lot sizing: an O ( n log n ) algorithm that runs in linear time in the Wagner-Whitin case
TL;DR: An algorithm to solve the economic lot sizing problem in O(n log n) time is presented and it is shown how the Wagner-Whitin case can even be solved in linear time.
Related Papers (5)
Integration of Inventory and Pricing Decisions with Costly Price Adjustments
Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case
Xin Chen,David Simchi-Levi +1 more