Pricing and the Newsvendor Problem: A Review with Extensions

نویسندگان

  • Nicholas C. Petruzzi
  • Maqbool Dada
چکیده

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منابع مشابه

International Journal of Management Science and Engineering Management, Vol1 No1 2006, World Academic Union, World Academic Press

The newsvendor problem with pricing decision provides an important vehicle for examining how operational problems interacts with marketing issues to influence decision-making at the firm level. This paper considers the newsvendor problem with pricing and its extensions. We try to answer two questions: (1) how to model the price-dependent stochastic demand and (2) how to derive the combined pric...

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The newsvendor problem: Review and directions for future research

In this paper, we review the contributions to date for analyzing the newsvendor problem. Our focus is on examining the specific extensions for analyzing this problem in the context of modeling customer demand, supplier costs, the buyer risk profile, and the selective newsvendor setting. Over and above summarizing the current literature, we also provide directions for future research in each area.

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A Note on Newsvendor Problem with Pricing

The main purpose of the paper is to present a specific case of dynamic pricing for the newsvendor problem. Firstly, the short overview of a newsvendor problem is given together with references to the selected literature and remarks to its applicability. Then, the dynamic pricing principles are discussed together with references to decision dependent randomness case in stochastic programming. Th...

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Optimal ordering, discounting, and pricing in the single-period problem

The single-period problem (SPP), also known as the newsboy or newsvendor problem, is to "nd the order quantity which maximizes the expected pro"t in a single-period probabilistic demand framework. Previous extensions to the SPP include, in separate models, the simultaneous determination of the optimal price and quantity when demand is price-dependent, and the determination of the optimal order ...

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Jointly pricing and ordering for a multi-product multi-constraint newsvendor problem with supplier quantity discounts

We present an extension to the multi-product newsvendor problem by incorporating the retailer’s pricing decision as well as considering supplier quantity discount. The objective is to maximize the expected profit of the retailer through jointly determining the ordering quantities and selling prices for the products, subject to multiple capacity constraints. We formulate the problem as a General...

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عنوان ژورنال:
  • Operations Research

دوره 47  شماره 

صفحات  -

تاریخ انتشار 1999