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Limit price
About: Limit price is a research topic. Over the lifetime, 4865 publications have been published within this topic receiving 148546 citations.
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TL;DR: In this paper, the effects of different pricing strategies available to a production-inventory system with capacitated supply, which operates in a fluctuating demand environment, are investigated, and the objective is to find an optimal replenishment and pricing policy under each of these strategies.
Abstract: We study the effects of different pricing strategies available to a production–inventory system with capacitated supply, which operates in a fluctuating demand environment. The demand depends on the environment and on the offered price. For such systems, three plausible pricing strategies are investigated: static pricing, for which only one price is used at all times, environment-dependent pricing, for which price changes with the environment, and dynamic pricing, for which price depends on both the current environment and the stock level. The objective is to find an optimal replenishment and pricing policy under each of these strategies. This article presents some structural properties of optimal replenishment policies and a numerical study that compares the performances of these three pricing strategies.
36 citations
TL;DR: In this paper, the authors estimate from the micro data of the German ifo Business Climate Survey the impact of idiosyncratic volatility on the extensive margin of firm-level price setting behavior, suggesting that, for price setting, the volatility effect dominates the "wait-and-see" effect.
36 citations
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TL;DR: In this article, the theoretical and empirical properties of a model of aggregate supply behavior that was introduced in the 1970s but has received inadequate attention are investigated; the model postulates that price changes occur so as to gradually eliminate discrepancies between actual and market clearing values and to reflect expected changes in market-clearing values.
Abstract: This paper investigates the theoretical and empirical properties of a model of aggregate supply behavior that was introduced in the 1970s but has received inadequate attention. The model postulates that price changes occur so as to gradually eliminate discrepancies between actual and market-clearing values and to reflect expected changes in market-clearing values. Its implications are more 'classical' than most alternative formulations that reflect gradual price adjustment. Empirical results, which utilize a proxy for market-clearing output that is a function of fixed capital and the real price of oil, are moderately encouraging but not entirely supportive.
36 citations
TL;DR: In this paper, a two-period pricing model with a price reduction for a supply chain consisting of a single manufacturer and a single retailer is proposed, and the equilibrium pricing decisions of the two channel members in three different scenarios are derived.
Abstract: For most seasonal products such as fashion clothes, vogue handbags, style cell phones and so on, there are usually price reductions during the selling seasons With such a skimming price strategy, a retailer can not only capture more consumers’ surplus, but also form a higher reference price in consumers’ mind To investigate the impact of reference price effects on the supply chain decisions, in this paper we propose a two-period pricing model with such price reduction for a supply chain consisting of a single manufacturer and a single retailer Besides the optimal decisions for the scenario that the two channel members integrate together (the I-Scenario), we derive the equilibrium pricing decisions of the two channel members in three different scenarios, ie the N-Scenario (no quick response ability), the F-Scenario (full quick response ability) and the L-Scenario (limited quick response ability), representing the supply chain’s different ability in quick response Analysis and comparison not only illu
36 citations
TL;DR: Two new mathematical models were developed that showed that discounts increase the pool of profits for the supplier and the buyer and provide a better utilization of truck capacity and lower transportation cost and benefit the end customer by providing a product at a competitive price.
36 citations