Loss-Averse Retailer’s Optimal Ordering Policies for Perishable Products with Customer Returns
نویسندگان
چکیده
منابع مشابه
Optimal pricing and ordering policies for perishable products under advance-cash-credit payment scheme
Recently, market globalization and competition have forced companies to find alternative means to boost sales and revenue. The use of the cash flow is increasingly becoming a viable alternative for managers to improve their company’s profitability in a supply chain. In today’s business transactions, a supplier usually asks a manufacturer to pay via the advance-cash-credit (ACC) payment scheme i...
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In many industrial settings, managers face the problem of establishing a pricing policy that maximizes the revenue from selling a given inventory of items by a fixed deadline, with the full inventory of items being available for sale from the beginning of the selling period. This problem arises in a variety of industries, including the sale of fashion garments, flight seats, and hotel rooms. We...
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This paper studies optimal pricing policies for a family of substitute perishable products with demand correlation. Potential buyers arrive according to an exogenous stochastic Poisson process. At each demand epoch, the arriving customer observes the set of substitute products for which there is still inventory available together with their corresponding prices. Based on this information, the c...
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We consider the problem of optimal contract design between a monopolist and a continuum of potential buyers under asymmetric information, when consumers have reference-dependent preferences and loss aversion. In our model, consumers are endowed with quasi-linear utilities over the quality parameter of a good sold by a monopolist. The total valuation for quality is composed of the intrinsic cons...
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In this paper we analyze the optimal joint decisions of when, how and howmuch to replenish customers with products of varying ages. We discuss the main features of the problem arising in the joint replenishment and delivery of perishable products, and we model them under general assumptions. We then solve the problem by means of an exact branch-and-cut algorithm, and we test its performance on ...
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ژورنال
عنوان ژورنال: Mathematical Problems in Engineering
سال: 2014
ISSN: 1024-123X,1563-5147
DOI: 10.1155/2014/831796