Joint pricing and inventory decision under a probabilistic selling strategy
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DOI: 10.1007/s12351-020-00599-x
Abstract: This study examines whether probabilistic selling could enhance inventory management considering market size uncertainty in a rather general setting. We propose to study the impact of probabilistic selling on the profit, price and order quantity… read more here.
Keywords: inventory decision; joint pricing; pricing inventory; probabilistic selling ... See more keywords
Joint pricing, inventory, and preservation decisions for deteriorating items with stochastic demand and promotional efforts
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DOI: 10.1007/s40092-018-0265-7
Abstract: This study models a joint pricing, inventory, and preservation decision-making problem for deteriorating items subject to stochastic demand and promotional effort. The generalized price-dependent stochastic demand, time proportional deterioration, and partial backlogging rates are used… read more here.
Keywords: stochastic demand; preservation; joint pricing; pricing inventory ... See more keywords