In this paper, we determine the order quantity and the prices for a perishable product with a multiple period lifetime. Demands for products of different ages are dependent on the prices of mutually “substitutable” products. The problem for a product with lifetime of two periods is first...

We jointly determine the price and the inventory allocation for a perishable product with a predetermined lifetime. We assume that the price of the product increases as the time when it perishes approaches as in the airline industry. Demand for the product is price sensitive. To maximize the...