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Optimal ordering policies in inventory systems with random demand and random deal offerings

✍ Scribed by Haresh Gurnani

Publisher
Elsevier Science
Year
1996
Tongue
English
Weight
779 KB
Volume
95
Category
Article
ISSN
0377-2217

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Optimal ordering and pricing policies in
Optimal ordering and pricing policies in a single-period environment with multivariate demand and markdowns
✍ Timothy L. Urban; R.C. Baker πŸ“‚ Article πŸ“… 1997 πŸ› Elsevier Science 🌐 English βš– 625 KB

This paper investigates a single-period inventory model in which the demand of the product is a deterministic, multivariate function of price, time, and level of inventory. Models are formulated for the basic pricing case and the case with a price markdown during the season. Solution methodologies a