In this research we develop mathematical models of Joint Economic Lot-sizing Problem (JELP) in a situation when a supplier offers time-based temporary price discounts to a buyer during a sale period. To respond this, the buyer places a special order with higher quantity. In literature, it has been assumed that the buyer tends to place the special order at the end of the sale period. We relax th...

In this paper, we use reinforcement learning (RL) techniques to determine dynamic prices in an electronic monopolistic retail market. The market that we consider consists of two natural segments of customers, captives and shoppers. Captives are mature, loyal buyers whereas the shoppers are more price sensitive and are attracted by sales promotions and volume discounts. The seller is the learnin...

In this paper, a dynamic terms of sale model is developed which suggests deep cash discounts can be partially explained by the positive relationship between the shadow value of sales and the optimal cash discount. The effect of sales volume uncertainty on the magnitude of cash discounts is also explored. Numerical results suggest the relationship between uncertainty and cash discounts is nonlin...

From fast-food value meals to buy one get one free deals at the grocery store, bundled discounts are in virtually every market. Bundled discounts encompass several different discounts, but the most common understanding of bundled discounts occurs when multiple products are sold together for less than the total price of the products sold individually. Bundled discounts can provide a variety of e...

The progress in high technology has led to the wide use of thin film transistor-liquid crystal display (TFTLCD). The evolution of the manufacturing technology of TFT-LCD keeps increasing the size of TFT-LCD since a larger TFT-LCD allows a larger display application and an improved productivity. However, as the size of TFT-LCD increases, the size of TFT-array substrates and color filter substrat...

Prior to 1863, state chartered banks in the United States issued notes — dollar-denominated promises to pay specie to the bearer on demand. Although these notes circulated at par locally, they usually were quoted at the discount outside the local area. These discounts varied by both the location of the bank and the location where the discount was being quoted. Further, these discounts were asym...

In this article, manufacturer-retailer supply chain coordination (SCC) has been developed under periodic review inventory system. In the studied model, the retailer as downstream member uses periodic review inventory policy and decides about review period (T) and order-up-to-level (R). Also, the manufacturer as upstream member faces EPQ system and determines the number of shipments from manufac...

We show how group discounts can be offered without forcing buyers to surrender their anonymity, as long as buyers can use their own computing devices (e.g. smartphone, tablet or computer) to perform a purchase. Specifically, we present a protocol for privacy-preserving group discounts. The protocol allows a group of buyers to prove how many they are without disclosing their identities. Coupled ...

The single-vendor single-buyer integrated production inventory system has been an object of study for a long time, but little is known about the effect of investing in reducing ordering cost on the integrated inventory models with backorder price discount and variable lead time. The purpose of this article is to investigate in the continuous review model with backorder price discount and variab...