1003180.pdf
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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Peter Lang International Academic Publishers
2019
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oapen-20.500.12657-26864 |
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oapen-20.500.12657-268642024-03-23T11:30:06Z Single Period Inventory Control and Pricing Arikan, Emel Analytical Arikan Control Empirical Generalized Inventory Lagerhaltungsmodell Model Nachfrageverhalten Optimierung Period Preispolitik Pricing Single Study thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCB Macroeconomics::KCBM Monetary economics 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. 2019-01-10 23:55 2020-01-14 16:24:27 2020-04-01T11:28:05Z 2020-04-01T11:28:05Z 2018 book 1003180 OCN: 1082972256 9783631753941 http://library.oapen.org/handle/20.500.12657/26864 eng Forschungsergebnisse der Wirtschaftsuniversitaet Wien application/pdf n/a 1003180.pdf Peter Lang International Academic Publishers 10.3726/b13914 10.3726/b13914 e927e604-2954-4bf6-826b-d5ecb47c6555 9783631753941 43 116 Bern open access |
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English |
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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 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. |
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1003180.pdf |
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1003180.pdf |
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1003180.pdf |
| title_full |
1003180.pdf |
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Peter Lang International Academic Publishers |
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2019 |
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1799945195360354304 |
