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simulation modelling. These new results are integrated with Schruben's work to present a complete description of event graphs and … their analysis. A (simple) flexible manufacturing system is modelled via event graphs to illustrate event graph modelling …
Persistent link: https://www.econbiz.de/10009214222
horizons even in settings with no advance demand model information. One motivating application comes from the sales of new … financing and construction. <i>This paper was accepted by Gérard P. Cachon, stochastic models and simulation.</i> …
Persistent link: https://www.econbiz.de/10010990457
potential customers, observing either success or failure in each sales attempt. The parameters of the underlying demand model … to the simplest kind of model uncertainty, where one of two demand models is known to apply, and we focus initially on … knows the underlying demand model is bounded by a constant as the number of sales attempts becomes large. <i>This paper was …
Persistent link: https://www.econbiz.de/10010990574
We propose a game-theoretical model of a retailer who sells a limited inventory of a product over a finite selling season by using one of two inventory display formats: display all (DA) and display one (DO). Under DA, the retailer displays all available units so that each arriving customer has...
Persistent link: https://www.econbiz.de/10009191159
Dynamic pricing offers the potential to increase revenues. At the same time, it creates an incentive for customers to strategize over the timing of their purchases. A firm should ideally account for this behavior when making its pricing and stocking decisions. In particular, we investigate...
Persistent link: https://www.econbiz.de/10009191270
expected revenues. Our model brings together various types of uncertainties about the demand, some of which are resolvable …
Persistent link: https://www.econbiz.de/10009191340
where demand information is limited. Our approach employs a competitive analysis, which guarantees a certain performance … level under all possible demand scenarios. The only information required about the demand for each fare class is lower and …
Persistent link: https://www.econbiz.de/10009191438
firm can influence each customer class separately, the effective demand is not impacted. This paper was accepted by Yossi …
Persistent link: https://www.econbiz.de/10009197430
version of the problem, in which the demand rate and the initial number of units grow proportionally large. We obtain a simple …
Persistent link: https://www.econbiz.de/10009197510
. Using a general model of the demand process, we show that bid-price control is not optimal in general and analyze why bid … example, we show they are constant over time, even when demand is nonstationary, and that they may not be unique. …
Persistent link: https://www.econbiz.de/10009197653