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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
and covers many interesting examples, for instance in inventory management. Due to the curse of dimensionality, the …
Persistent link: https://www.econbiz.de/10010939796
inventory hedging under three hierarchies. We derive an easy-to-implement coordination contract and a simple policy structure … balanced adaptiveness, resilience and intertemporal imperatives. It outperforms the conventional inventory hedging and lean … management by reducing premature inventory holding in good times, and timely ramping up safety stock ahead of looming disruptions …
Persistent link: https://www.econbiz.de/10011264335
optimal to remanufacture in a given period and for given inventory levels, then it is also optimal to remanufacture when the … inventory of part(s) is higher or the inventory of remanufactured product is lower. …
Persistent link: https://www.econbiz.de/10010871198
inventory investment and storage capacity. …
Persistent link: https://www.econbiz.de/10008539513
In this paper, we consider an inventory system whose products share a common hardware platform but are differentiated … initial inventory level, and system parameters, but also the initial inventory level of the other product. We perform …
Persistent link: https://www.econbiz.de/10010588348
are difficult to predict based on historical data of past spare parts usages, and therefore, the optimal inventory control … the availability of spare parts. This paper presents the joint optimisation for both the inventory control of the spare … and order quantity. Because of the random nature of plant failures, stochastic cost models for spare parts inventory and …
Persistent link: https://www.econbiz.de/10010574187
optimal inventory-trading policy of a risk-neutral merchant is characterized by two stage and spot-price dependent basestock … targets. Under some assumptions, these targets are monotone in the spot price and partition the available inventory and spot … prices in general depends on the merchant's inventory availability. This is a consequence of the interplay between the …
Persistent link: https://www.econbiz.de/10009197805
In a recent paper, Liu [3] considers the lot-sizing problem with lower and upper bounds on the inventory levels. He …
Persistent link: https://www.econbiz.de/10011052442