In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small … for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand … functions the benefits of integration with inventory control are substantially increased due to the price dynamics. We also …

)-type inventory management problem successfully accounts for these features of the data. Moreover, the model can account for import … and import price dynamics in the aftermath of large devaluations. In particular, desired inventory adjustment in response …

In most multi-item inventory systems, the ordering costs consist of a major cost and a minor cost for each item … included. Applying for every individual item a cyclic inventory policy, where the cycle length is a multiple of some basic … discussed in this paper. It is shown that this algorithm can be used for deterministic multi-item inventory problems, with …

cutoff transaction size, in a simple newsboy setting.For compound Poisson demand with discrete order sizes, we show how to … demand during a period by the normal distribution one can determine an expression for the average costfunction that depends …

In this paper an inventory model with several demand classes, prioritised according to importance, is analysed. We … consider a lot-for-lot or (S-1,S) inventory model with lost sales.For each demand class there is a critical stock level at and … below which demand from that class is not satisfied from stock on hand. In this way stock is retained to meet demand from …

analyze the effect on inventory performance of havingminimum order quantities for the different products in the joint order …

The most recent optimization algorithm for (s, S) order policies with continuous demand was developed byFedergruen and … Federgruen (1991) developed an even more efficient algorithm for computing discreteorder quantity (s, S) inventory policies …

This paper extends a fundamental result about single-item inventory systems. This approachallows more general … performance measures, demand processes and order policies, and leads toeasier analysis and implementation, than prior research. We …

demand. The optimal tariff is a flat rate if marginal cost of production is low compared to a consumer's degree of loss … aversion and if there is enough variation in the consumer's demand. Moreover, if consumers differ with respect to the degree of …

We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect … theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility … depends on the consumers' rational price expectations from the recent past. By implication, demand responses are more elastic …