Asymmetric Pricing and Replenishment Controls for Substitutable Products
نویسندگان
چکیده
منابع مشابه
Dynamic Pricing Model for Substitutable Products
A dynamic pricing model in airline seat allocation, where a seller offers two substitutable perishable products in the monopolist market, is proposed in this article. The objective is to maximize the total profit gained from both products. We analyze the problem using a multinomial logit model to describe the customer choice behavior. The exact solution is obtained according to the calculated o...
متن کاملOptimal Dynamic Pricing for Two Perishable and Substitutable Products
This thesis presents a dynamic pricing model where a seller offers two types of a generic product to a random number of customers. Customers show up sequentially. When a customer arrives, he will —depending on the prices—either purchase one unit of type 1 product or one unit of type 2 product, or will leave empty-handed. The sale ends either when the entire stock is sold out, or when the custom...
متن کاملpricing and inventory for a supply chain with perishable and substitutable products
decentralization allows channel members to make their decisions, independently. in this decentralized channels, members may have different power to make its decisions. hence, decisions of each member may influence on the other members’ decisions. to model such situations, bi-level programming models are useful. in this study, a supply chain including one manufacturer and multiple competitive re...
متن کاملJoint 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 ...
متن کاملPricing policies for substitutable products in a supply chain with Internet and traditional channels
0377-2217/$ see front matter 2012 Elsevier B.V. A http://dx.doi.org/10.1016/j.ejor.2012.09.003 ⇑ Corresponding author. Tel.: +886 35742653; fax: E-mail address: [email protected] (U.-P. Wen This study considers pricing policies in a supply chain with one manufacturer, who sells a product to an independent retailer and directly to consumers through an Internet channel. In addition to the manu...
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: Decision Sciences
سال: 2019
ISSN: 0011-7315,1540-5915
DOI: 10.1111/deci.12366