Inventory and coordination issues with two substitutable products
نویسندگان
چکیده
منابع مشابه
Deterministic Price-inventory Management for Substitutable Products
About the Authors H. Ahmet Kuyumcu is a chief pricing scientist at Zilliant, Inc. and has over 1 experience on delivering data-driven, technology-based pricing solutions acr firms. Prior to joining Zilliant, he pioneered innovative price optimization a travel-transportation, and multi-family housing industries at Manugistics, Inc conferences on the practice of pricing and revenue management and...
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In this paper, we examine the nature of optimal inventory policies in a system where a retailer manages substitutable products. We first consider a system with two products 1 and 2 whose total demand is D and individual demand proportions are p and (1-p). A fixed proportion of the unsatisfied customers for 1(2) will purchase item 2 (1), if it is available in inventory. For the single period cas...
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ژورنال
عنوان ژورنال: Applied Mathematical Modelling
سال: 2010
ISSN: 0307-904X
DOI: 10.1016/j.apm.2009.06.030