Single Period Inventory Control and Pricing An Empirical and Analytical Study of a Generalized Model

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The price-setting newsvendor model is used to address the single period joint pricing and inventory control problem. The objective is to set the optimal price and replenishment quantity of a single product in order to maximize the expected profit. Products with a short selling season and relatively...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Arikan, Emel (Autor)
Formato: Tesis Electrónico eBook
Idioma:Inglés
Publicado: Frankfurt a.M. Peter Lang GmbH, Internationaler Verlag der Wissenschaften 2018, ©2011.
Edición:1st, New ed.
Colección:Free online access: JSTOR.
Temas:
Pricing.
Inventory control.
Price fixing.
Prix > Fixation.
Gestion des stocks.
inventorying.
BUSINESS & ECONOMICS > Economics > General.
Price fixing
Inventory control
Pricing
dissertations.
Academic theses
Academic theses.
Thèses et écrits académiques.
Acceso en línea:Texto completo
Descripción
Sumario:The price-setting newsvendor model is used to address the single period joint pricing and inventory control problem. The objective is to set the optimal price and replenishment quantity of a single product in order to maximize the expected profit. Products with a short selling season and relatively long replenishment lead times such as fashion goods are the most relevant application areas of the model. The focus of the work is the generalization of the model with respect to the modeling of uncertainty in demand. The author presents an analytical and empirical study which compares different demand models with a more flexible model based on price and inventory optimization. She concludes that using a general model can increase the profits significantly.
Descripción Física:1 online resource.
ISBN:9783631753941
3631753942

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