Optimal ordering and pricing policies in a single-period environment with multivariate demand and markdowns

被引:97
作者
Urban, TL [1 ]
Baker, RC [1 ]
机构
[1] UNIV TEXAS,DEPT INFORMAT SYST & MANAGEMENT SCI,ARLINGTON,TX 76019
关键词
inventory theory; optimization;
D O I
10.1016/S0377-2217(96)00301-3
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
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 are presented for each case when the pricing decisions are predetermined and when they are decision variables. Comments on the practical use of this model are presented, and sensitivity analysis is conducted on the decision variables and demand parameters. (C) 1997 Elsevier Science B.V.
引用
收藏
页码:573 / 583
页数:11
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