Showing 1 - 10 of 14
We consider a retailer selling a fixed inventory of two perishable products over a finite horizon. Assuming Poisson arrivals and a bivariate reservation price distribution, we determine the optimal product and bundle prices that maximize the expected revenue. Our results indicate that the...
Persistent link: https://www.econbiz.de/10005257122
We study a non-cooperative game for joint replenishment by n firms that operate under an EOQ-like setting. Each firm decides whether to replenish independently or to participate in joint replenishment, and how much to contribute to joint ordering costs in case of participation. Joint...
Persistent link: https://www.econbiz.de/10010759595
We consider jointly replenishing n ex-ante identical firms that operate under an EOQ like setting using a non-cooperative game under asymmetric information. In this game, each firm, upon being privately informed about its demand rate (or inventory cost rate), submits a private contribution to an...
Persistent link: https://www.econbiz.de/10011052394
We study a non-cooperative game for joint replenishment by n firms that operate under an EOQ-like setting. Each firm decides whether to replenish independently or to participate in joint replenishment, and how much to contribute to joint ordering costs in case of participation. Joint...
Persistent link: https://www.econbiz.de/10011000006
We consider a one-warehouse N retailers supply chain with stochastic demand. Inventory is managed in-house whereas transportation is outsourced to a 3PL provider. We develop analytical expressions for the operating characteristics under both periodic and continuous joint replenishment policies....
Persistent link: https://www.econbiz.de/10011048998
In this work the uncapacitated dynamic lot-sizing problem is considered. Demands are deterministic and production costs consist of convex costs that arise from economic production functions plus set-up costs. We formulate the problem as a mixed integer, non-linear programming problem and obtain...
Persistent link: https://www.econbiz.de/10011043374
In random truncation models one observes the i.i.d. pairs (Ti[less-than-or-equals, slant]Yi),i=1, ..., n. IfYis the variable of interest, thenTis another independent variable which prevents the complete observation ofYand random left truncation occurs. Such a type of incomplete data is...
Persistent link: https://www.econbiz.de/10005093727
In this study bivariate kernel density estimators are considered when a component is subject to random truncation. In bivariate truncation models one observes the i.i.d. samples from the triplets (T, Y, X) only if T[less-than-or-equals, slant]Y. In this set-up, Y is said to be left...
Persistent link: https://www.econbiz.de/10005093764
Persistent link: https://www.econbiz.de/10005616255
We consider dynamic pricing of perishable assets in the presence of price-sensitive renewal demand processes. Unlike the existing works in the literature, we explicitly incorporate non-negligible price change costs which reflects the revenue management practice more realistically. These costs...
Persistent link: https://www.econbiz.de/10008521487