Motivated by a particular multinational cutting-tools manufacturer, we extend the traditional economic order quantity (EOQ) model for maintenance-repair-and-overhaul (MRO) customers under stochastic purchase price and use it to show how price variance leads to bullwhip effect for the MRO...

This entry explores the application of Lean Six Sigma methodologies in pricing operations. Focusing on rectifying pricing deviations and enhancing revenue streams, the study delves into how Lean Six Sigma Pricing mitigates the financial leakages resulting from pricing inconsistencies. The...

This chapter makes the case for companies to improve pricing operations that enable pricing strategies in any given set of market conditions by taking certain steps before embarking on large initiatives that can affect prices, such as mergers or acquisitions, continuous improvement efforts,...