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a retail environment, one must take into account the interactions among inventory, dynamic pricing, and negotiation. The …Although take-it-or-leave-it pricing is the main mode of operation for many retailers, a number of retailers discreetly … haggle-prone customers negotiate down. In order to effectively measure the benefit of dynamic pricing and negotiation in such …
Persistent link: https://www.econbiz.de/10009477224
In this note we present an efficient exact algorithm to solve the joint pricing and inventory problem for which …
Persistent link: https://www.econbiz.de/10010837635
in inventory to ensure on-time second doses. However, saving doses slows the administration of first doses and …
Persistent link: https://www.econbiz.de/10012585931
techniques. Optimal pricing policy is expressed as a function of time to expiration and inventory levels of unsold products. An …This paper is devoted to the development of heuristics for the dynamic pricing problem. A discrete time model of … dynamic pricing on the fixed time horizon is proposed. It is applicable to products that satisfy two properties: 1) product …
Persistent link: https://www.econbiz.de/10014534844
risk can transfer it to financial markets via weather derivatives. We develop a utility-based model for pricing baskets of …
Persistent link: https://www.econbiz.de/10011760235
This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … and to a reference price. The optimal dynamic pricing policy is solved with Pontryagin's maximum principle with a … structural (general) demand function. The authors obtain an original pricing rule, which explicitly accounts for the impact of …
Persistent link: https://www.econbiz.de/10011917292
This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … and to a reference price. The optimal dynamic pricing policy is solved with Pontryagin's maximum principle with a … structural (general) demand function. They obtain an original pricing rule, which explicitly accounts for the impact of price and …
Persistent link: https://www.econbiz.de/10011866050
This study models a joint pricing, inventory, and preservation decision-making problem for deteriorating items subject … deterioration, and partial backlogging rates are used to model the inventory system. The objective is to find the optimal pricing …
Persistent link: https://www.econbiz.de/10011995875
carrying cost, inventory policies (e.g., stocking levels), and pricing policies (e.g., quantity discounts) for retail …The inventory carrying cost has been assumed uniform for all products in an organization or a warehouse. This … variations in inventory holding costs in a warehouse in two industries based on the physical nature and the price of products. It …
Persistent link: https://www.econbiz.de/10012611622
We analyze an infinite horizon, single product, periodic review model in which pricing and production/inventory … independent of each other and their distributions depend on the product price. Pricing and ordering decisions are made at the … general demand functions. In such a policy, the period inventory is managed based on the classical (s,S) policy and price is …
Persistent link: https://www.econbiz.de/10009432278