When any unsatisfied demand is lost, we find that the retailer raises the individual price and reduces the bundle discount even further as compared with the backorder case.doi:10.1057/s41272-020-00243-5Masoud TalebianZhaolin LiQiang LuPalgrave MacmillanJournal of Revenue and Pricing Management...
This dissertation mainly focuses on coordinated pricing and inventory management problems, where the related background is provided in Chapter 1. Several periodic-review models are then discussed in Chapters 2,3,4 and 5, respectively.Chapter 2 analyzes a deterministic single-product model, where a ...
(iii) the influence rules on reduced prices under different power structures are the same, while the influence rules on base stock levels vary according to the power structure; (iv) optimal pricing and inventory decisions are affected by the power structure, although the structural properties of ...
Centralized inventory management eCommerce inventory management Manufacturing Procurement and replenishment Financial reporting, asset valuation Report, document, UI customization API and EDI access MSA & NDA requirements Barcode WMS Module IncludedIncludedIncluded ...
Revenue management is defined also to be a kind of supply and demand management for revenue maximization by striking balance between pricing and inventory controls (Wirtz et al., 2003). A detailed definition is provided by Denizci and Mohammed (2015) according to whom it is the process of ...
a number of industries have used innovative pricing strategies to manage their inventory effectively. For example, techniques such asrevenue managementhave been applied in the airlines, hotels, and rental car agencies—integrating price, inventory control, and quality of service; see Kimes (1989). In...
There is little time to react to observed sales, and pricing errors result in either loss of potential revenue or excess inventory to be liquidated. This paper develops optimal clearance prices and inventory management policies that take into account the impact of reduced assortment and seasonal ...
We analyze a finite horizon periodic review joint pricing and inventory management model for a firm that replenishes and sells a product under the scarcity... N Yang,R Zhang - 《Operations Research》 被引量: 18发表: 2014年 Revenue Management of Consumer Options for Tournaments Sporting event ma...
Technical articles and topic explainers Pricing 2: Practical aspects Back to Performance Management (PM) Building blocks of performance management This first article in this series dealt with the theoretical aspects of pricing. This one deals with practical pricing approaches. The influences ...
Clearance pricing and end of season inventory management are challenging and important problems in retailing. Sales rates depend upon price, seasonal effects and the remaining assortment of items available to customers. There is little time to react to o