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observing the results of previous decisions. For example, in delayed production (delayed pricing), pricing (production) is … determined at the beginning of the horizon, and the production (pricing) decision is made at the beginning of each period before … pricing except sometimes when capacity is tight. On average, the delayed production (pricing) heuristic achieved 99.3% (99 …
Persistent link: https://www.econbiz.de/10009218853
We formulate a generalized model of dynamic pricing and lot-sizing by a reseller who sells a perishable good. We assume …
Persistent link: https://www.econbiz.de/10009197634
The current overview of bundling theory is combined with author's experiences of its practical application into several …
Persistent link: https://www.econbiz.de/10005134983
This paper identifies the body of literature related to pricing that exists in 20 marketing or business journals … over 38,800 citations were made to 1945 articles that dealt with some aspect of pricing. Based on these data, we identify … within the domain of pricing have received most attention, and how these topics have evolved in three year periods. In …
Persistent link: https://www.econbiz.de/10010573674
Pricing is a key element of the marketing strategy. It does not require significant investments or resources, and is … perhaps the most accessible lever to manage profitability. Even minor fluctuations in pricing can have a significant impact on … both revenues and profitability. As such, lack of careful planning in pricing is a wasted opportunity. With this as a …
Persistent link: https://www.econbiz.de/10010574722
Tries to assess the place of Da Empoli’s Theory of Economic Equilibrium, a book on the development of thinking on … market structures and price theory. It is an early and important, though almost neglected, contribution. Neglected because … the main developments in the 1930s and later on were on market classifications and theories of pricing within these market …
Persistent link: https://www.econbiz.de/10004976555
Reconsiders Umberto Ricci’s harsh comments on the book of the young Attilio da Empoli about the Theory of Economic …
Persistent link: https://www.econbiz.de/10004976582
microeconomic theory provides a useful means of analysis, it offers little for the practice of pricing, which is much more closely …Neo-classical microeconomic theory has been suggested to offer (1) an appropriate analytical tool for construction … price determination while, at the same time, (2) full-cost pricing is most commonly accepted pricing policy of construction …
Persistent link: https://www.econbiz.de/10005438560
Social and economic exchanges often occur between strangers who cannot rely on past behavior or the prospect of future interactions to establish mutual trust. Game theorists formalize this problem in several "one-shot? game ? such as the trust game - predicting noncooperation ? since the...
Persistent link: https://www.econbiz.de/10010852465
Contest or auction designers who want to maximize the overall revenue are frequently concerned with a trade-off between contest homogeneity and inclusion of bidders with high valuations. In our experimental study, we find that it is not profitable to exclude the most able bidder in favor of...
Persistent link: https://www.econbiz.de/10010955333