Optimal pricing and inventory policies: Centralized and decentralized decision making
نویسندگان
چکیده
منابع مشابه
Centralized vs. Market-Based and Decentralized Decision Making: a Review
Within both economics and computer science, many authors have claimed that decentralized or market-based approaches to decision-making are superior in general to centralized approaches. The contrary claim has also been made. Unfortunately, these claims are often supported only by informal or anecdotal evidence. In order to assess these competing claims, we present a review of the literatures in...
متن کاملInventory, investment, and pricing policies for lot-size decision makers
In this paper, we construct and analyze inventory and investment in quality im provement policies under return on investment (ROI) maximization. In our model, the level of quality is represented by the fraction of an order quantity meeting the quality requirements such £is product specifications. The key contributions of this paper are the establishment of an ROI model and characterization of ...
متن کاملOptimal Inventory and Pricing Policies for Supply Chain Networks
An optimisation-based control framework that simultaneously determines the optimal inventory and product pricing policies is developed for multi-product, multi-echelon supply chain networks. The optimisation problem aims at adjusting the available manufacturing resources, product distribution, inventories and prices for the entire supply chain network to satisfy demand while maximising network ...
متن کاملCentralized versus decentralized decision-making for recycled material flows.
A reverse logistics system is a network of transportation logistics and processing functions that collect, consolidate, refurbish, and demanufacture end-of-life products. This paper examines centralized and decentralized models of decision-making for material flows and associated transaction prices in reverse logistics networks. We compare the application of a centralized model for planning rev...
متن کاملExploration-Free Policies in Dynamic Pricing and Online Decision-Making
Growing availability of data has enabled practitioners to tailor decisions at the individuallevel. This involves learning a model of decision outcomes conditional on individual-specific covariates or features. Recently, contextual bandits have been introduced as a framework to study these online and sequential decision making problems. This literature predominantly focuses on algorithms that ba...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: European Journal of Operational Research
سال: 2002
ISSN: 0377-2217
DOI: 10.1016/s0377-2217(01)00170-9