Showing 1 - 10 of 11
The past decade has seen a virtual explosion of information about customers and their preferences. This information potentially allows companies to increase their revenues, in particular since modern technology enables price changes to be effected at minimal cost. At the same time, companies...
Persistent link: https://www.econbiz.de/10011204316
We analyze a newsboy problem with resalable returns. A single order is placed before the selling season starts. Purchased products may be returned by the customer for a full refund within a certain time interval. Returned products are resalable, provided they arrive back before the end of the...
Persistent link: https://www.econbiz.de/10010837489
We present a thorough analysis of the economic order quantity model with shortages under a general inventory cost rate …
Persistent link: https://www.econbiz.de/10010837523
In this paper we consider the capacitated lot-sizing problem (CLSP) with linear costs. It is known that this problem is NP-hard, but there exist special cases that can be solved in polynomial time. We derive a backward algorithm, based on the forward algorithm by Chen et al. (1994), to solve the...
Persistent link: https://www.econbiz.de/10010837597
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 this paper we consider the uncapacitated economic lot-size model, where demand is a deterministic function of price. In the model a single price need to be set for all periods. The objective is to find an optimal price and ordering decisions simultaneously. In 1973 Kunreuther and Schrage...
Persistent link: https://www.econbiz.de/10010837636
. A single order is placed before the season starts. Excess inventory at the end of the season is salvaged and all demands …
Persistent link: https://www.econbiz.de/10010837664
The present paper discusses an approach to solve the joint replenishment problem in a production environment with concave production cost functions. Under this environment, the model leads to a global optimization problem, which is investigated by using some standard results from convex...
Persistent link: https://www.econbiz.de/10010731067
In this paper we introduce a new class of OR games: economic lot-sizing (ELS) games. There are a number of retailers that have a known demand for a fixed number of periods. To satisfy demand the retailers order products at the same manufacturer. By placing joint orders instead of individual...
Persistent link: https://www.econbiz.de/10010731494
This paper studies an inventory policy for a retailer who orders his products from a supplier whose deliveries only … random yield and positive lead time. We propose an order- up-to policy based on approximating the inventory model with …
Persistent link: https://www.econbiz.de/10010734026