OPTIMAL ORDERING RULE FOR A PERISHABLE PRODUCT WITH A DYNAMIC PRICING POLICY
نویسندگان
چکیده
منابع مشابه
Optimal Dynamic Pricing of Perishable Products Considering Quantity Discount Policy ?
The perishable product’s dynamic pricing with quantity discount strategy is studied. The seller uses two-period dynamic price during the whole sale period and introduces quantity discount in second sale period in order to improve the seller’s profit. The mathematic model expressions are obtained by assuming that consumer’s reservation price draws from a uniform distribution and the price discou...
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We show that the monotone structures of dynamic pricing for a single perishable product under riskneutrality are preserved under risk-sensitivitywith the additive general utility and atemporal exponential utility functions. We also show that the optimal price is decreasing over the degree of risk-sensitivity under the exponential class of both additive and atemporal utility functions. © 2009 El...
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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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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...
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ژورنال
عنوان ژورنال: Journal of the Operations Research Society of Japan
سال: 2013
ISSN: 0453-4514,2188-8299
DOI: 10.15807/jorsj.56.57