Journal ArticleDOI
Joint pricing and inventory management with deterministic demand and costly price adjustment
TLDR
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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BookDOI
Pricing and Inventory Management
Xin Chen,David Simchi-Levi +1 more
TL;DR: In this article, the authors highlight the impact of the Internet on product pricing strategies more than Dell Computers and point out that the price of a product is not fixed on Dell's Web site; it may change significantly over time.
Journal ArticleDOI
Single-item dynamic lot-sizing problems: An updated survey
TL;DR: An updated and extended survey of Single-Item Lot-Sizing Problems with focus on publications from 2004 to 2016 and the proposed classification should help researchers to identify new research topics, to propose relevant problems and/or novel solution approaches.
Journal ArticleDOI
Grocery Perishables Management
TL;DR: In this paper, the authors study the joint pricing and inventory control problem for perishables when a retailer does not sell new and old inventory at the same time, and they find that dynamic pricing aids extending shelf life and when disposal incurs a lower cost, or even a positive salvage value, the retailer is induced to dispose earlier since the benefit of selling new inventory offsets the loss due to disposal.
Journal ArticleDOI
A location-inventory-pricing model in a supply chain distribution network with price-sensitive demands and inventory-capacity constraints
TL;DR: In this paper, a location-inventory-pricing model for designing the distribution network of a supply chain with price-sensitive demands and inventory-capacity constraints is presented, and an efficient Lagrangian relaxation algorithm is proposed to solve the model.
Journal ArticleDOI
Supply and Demand Functions in Inventory Models
Qi Feng,J. George Shanthikumar +1 more
TL;DR: The central issue in supply chain management is to match supply with demand, and the heart of a planning model is the modeling of supply and demand functions as mentioned in this paper, which allows for analytical tractability.
References
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Journal ArticleDOI
Dynamic pricing of inventory/capacity with infrequent price changes
TL;DR: This paper analyzes the pricing problem with a limited number of price changes in a dynamic, deterministic environment in which demand depends on the current price and time, and there is a capacity/inventory constraint that may be set optimally ahead of the selling season.
Journal ArticleDOI
Requirements Planning with Pricing and Order Selection Flexibility
TL;DR: The key result of this work is a polynomial-time solution approach to the problem under time-invariant finite production capacities and piecewise-linear and concave revenue functions in price.
Journal ArticleDOI
Coordination of Pricing and Multiple-Period Production Across Multiple Constant Priced Goods
TL;DR: In this article, the problem of jointly determining prices and production schedules for a set of items that are produced on the same production equipment is addressed under the assumption that the production setup costs are negligible and that demand is seasonal but price dependent.
Journal ArticleDOI
Dynamic problems in the theory of the firm
Harvey M. Wagner,T. M. Whitin +1 more
TL;DR: In this article, a method for obtaining the optimal time profile of production and sales for a firm facing known demand and cost schedules over n periods is discussed, where demand is assumed to be a function of the price charged during the period, anand costs include direct manufacturing expenses, inventory holding charges, and fixed or setup costs incurred when period production takes place.
Journal ArticleDOI
A polynomial time algorithm for a deterministic joint pricing and inventory model
TL;DR: In this paper, the authors considered the uncapacitated economic lot-size model, where demand is a deterministic function of price and the objective is to find an optimal price and ordering decisions simultaneously.
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