Optimal dynamic pricing and ordering decisions for perishable products
โ Scribed by Chew, Ek Peng; Lee, Chulung; Liu, Rujing; Hong, Ki-sung; Zhang, Anming
- Book ID
- 121824399
- Publisher
- Elsevier Science
- Year
- 2014
- Tongue
- English
- Weight
- 609 KB
- Volume
- 157
- Category
- Article
- ISSN
- 0925-5273
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
The paper studies the combined problem of pricing and ordering for a perishable product supply chain with one supplier and one retailer in a finite horizon. The lifetime of the product is two periods and demand in each period is random and price-sensitive. In each period, the supplier determines fir
## Abstract This paper studies the dynamic pricing problem of selling fixed stock of perishable items over a finite horizon, where the decision maker does not have the necessary historic data to estimate the distribution of uncertain demand, but has imprecise information about the quantity demand.