We propose a modeling and optimization framework to cast a broad range of fundamental multiproduct pricing problems as tractable convex optimization problems. We consider the basic setting of a retailer offering an assortment of differentiated substitutable products to a population of customers that are price-sensitive. The retailer selects prices to maximize profits, subject to constraints on ...

When purchased components for an assembly manufacturing operation are replenished Just-In-Time the investment in inventory holding of these components is eliminated, but usually with increased fixed reorder cost. It is therefore important in the pursuit of high returns on inventory investment to know for which components JIT replenishment is an optimal policy. In this paper we describe two deci...

The current study works with an inventory management strategy under the discount cash flow approach for perishable commodities expiry dates, price-sensitive demand, and investment in preservation technology. In addition, this examines probable influence of price-increase on replenishment retailer where specific delivery units can be purchased. Furthermore, model, two circumstances are deliberat...

Consider an investment system with a nonnegative expected return in a one period economy. We show that, for an option with a given strike price, there exists a pricing interval [pC , pW ] such that replacing the original investment with the option will benefit judging by the Kelly criterion only when the price of the option lies outside of the interval. More specifically, buying call options wi...

Creative destruction not only involves bringing new technology to market, it imposes higher risk on the future of existing assets. We contrast the asset pricing implications of creative destruction in a setting in which non-cooperative agents compete for market share with a socially optimal benchmark (i.e., a one agent case). Compared to the one-agent case, non-cooperative behavior leads to ove...

A variety of foreign-led economies emerged in Central and Eastern Europe in the late 1990s. State economic strategies in the Visegrad Four region (V4) of the Czech Republic, Hungary, Slovakia and Poland have converged towards a distinct model of competition states. This article investigates the politics of investment attraction and promotion of particular investors within the states and regions...

In this paper, we present a dynamic model modified with emission permit banking and pollution abatement, and investigate the effect of emission permit banking and pollution abatement on the production–inventory strategy of the firm. After introducing emission permit banking and pollution abatement, the cost function consists of the inventory holding and production costs, the cost of investment ...