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price responses directly to firm profits and characterize the economic significance of asymmetric pricing in the retail …
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This paper views authority as the right to undertake decisions that impose externalities on other members of the …
Persistent link: https://www.econbiz.de/10005114267
This Paper views authority as the right to undertake decisions that have external effects on other members of the organization. Because of contractual incompleteness, monetary incentives are insufficient to internalize these effects in the decision-maker’s objective. The optimal assignment of...
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observing the results of previous decisions. For example, in delayed production (delayed pricing), pricing (production) is … determined at the beginning of the horizon, and the production (pricing) decision is made at the beginning of each period before … pricing except sometimes when capacity is tight. On average, the delayed production (pricing) heuristic achieved 99.3% (99 …
Persistent link: https://www.econbiz.de/10009218853
We study a joint decision problem for replenishment, production, pricing strategies in the face of both supply and … backordered. We characterize the optimal policies for raw-material replenishment, finished-goods production, and pricing. We find … level, the optimal production policy is a threshold type and the optimal pricing policy is a modified list-price type …
Persistent link: https://www.econbiz.de/10010869143