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The (R, s, S) is a stochastic inventory control policy widely used by practitioners. In an inventory system managed according to this policy, the inventory is reviewed at instant R; if the observed inventory position is lower than the reorder level s an order is placed. The order’s quantity is...
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Cooperation in transportation networks has been a cornerstone of policies towards more sustainable transportation, aiming to improve the modal split and increase the fill rates of transportation resources. Effective cooperation between transportation firms requires some form of joint planning,...
Persistent link: https://www.econbiz.de/10014513720
In this paper we present a novel approach to the dynamic pricing problem for hotel businesses. It includes disaggregation of the demand into several categories, forecasting, elastic demand simulation, and a mathematical programming model with concave quadratic objective function and linear...
Persistent link: https://www.econbiz.de/10014501568