Joint Inventory and Pricing Decisions

Joint pricing, inventory, and preservation decisions for deteriorating items with stochastic demand and promotional efforts

This study models a joint pricing, inventory, and preservation decision-making problem for deteriorating items subject to stochastic demand and promotional effort. The generalized price-dependent stochastic demand, time proportional deterioration, and partial backlogging rates are used to model the inventory system. The objective is to find the optimal pricing, replenishment, and preservation t...

pricing and inventory decisions of deteriorating complementary products

in this research two models for pricing and inventory decisions of complementary products with and without deterioration assumption are developed. in both of them, we assumed that the demand function of each product is dependent on own price and the price of another one. the aim of this paper is to optimize the total profit of integrated system such that the optimal values for the price of each...

Joint Pricing and Inventory/Production Decisions in a Two-Stage Dual-Channel Supply Chain System

The Internet is becoming increasingly important as a sales channel. Thus, most large retail firms have adopted a multi-channel strategy that includes both web-based channels and pre-existing off-line channels. Since competition exists between these two channels, for a supply chain with a dual-channel retailer, pricing in one channel will affect the demand in the other channel. This subsequently...

Joint Pricing and Inventory Control for Seasonal and Substitutable Goods Mentioning the Symmetrical and Asymmetrical Substitution

Nowadays many well-known firms may produce similar products at different prices in order to remain in the competitive environment. The price differences may cause substitution condition which motivates the customers to substitute the similar cheaper product with an expensive one leading to an environment which is known as “customer-based price driven substitution”. This research proposes a new ...

Pricing, Variety, and Inventory Decisions in Retail Operations Management