Optimal ordering and pricing policy for demand functions that are separable into price and inventory age

Avinadav, Tal; Herbon, Avi; Spiegel, Uriel

doi:10.1016/j.ijpe.2013.12.002

Cited by 75 publications

(30 citation statements)

References 26 publications

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“…This multiplicative form is common in the literature dealing with demand functions that are affected by price and an additional factor (see, e.g., Aust and Buscher, 2012;Xie and Wei, 2009;SeyedEsfahani et al, 2011;Valliathal and Uthayakumar, 2011;Maihami and Nakhai Kamalabadi, 2012;Avinadav et al, 2013;Avinadav et al, 2014). For further discussion see Huang et al (2013).…”

Section: Multiplicative Effects Of Price and Quality Investmentmentioning

confidence: 99%

The effect of risk sensitivity on a supply chain of mobile applications under a consignment contract with revenue sharing and quality investment

Avinadav

Chernonog

Perlman‬‏

2015

International Journal of Production Economics

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Section: Multiplicative Effects Of Price and Quality Investmentmentioning

confidence: 99%

The effect of risk sensitivity on a supply chain of mobile applications under a consignment contract with revenue sharing and quality investment

Avinadav

Chernonog

Perlman‬‏

2015

International Journal of Production Economics

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“…The assumption of the traditional EOQ model has been changed from "goods are nondegenerative" to "goods are degenerative goods (e.g., petroleum and other volatile products) that decrease in volume over time even when unsold" [33][34][35][36]. Since 2010, an increasing number of studies on deteriorating goods inventory have focused on fresh (perishable) goods whose quality deteriorates over time [25,[37][38][39][40][41][42][43][44][45][46][47][48].…”

Section: Introductionmentioning

confidence: 99%

“…The assumption of the traditional EOQ model has been relaxed from "sales prices are a given constant (fixed demand rate)" to "sales prices are a decision variable for dealers" [25,38,50,[57][58][59][60][61][62][63][64][65][66][67][68][69][70][71][72][73].…”

Section: Introductionmentioning

confidence: 99%

“…Most research on pricing problems has concentrated on discount optimization; only a few scholars have specifically studied dynamic price optimization, and most of which studies have been conducted in the past 5-6 years [25,38,[67][68][69][70][71][72][73]. In this study, goods dealers were assumed to possess the opportunity and capability to determine sales prices at each point in time (sales prices are the decision variable for goods dealers).…”

Section: Introductionmentioning

confidence: 99%

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Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Chen

2017

Journal of Food Quality

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Although the safe consumption of goods such as food products, medicine, and vaccines is related to their freshness, consumers frequently understand less than suppliers about the freshness of goods when they purchase them. Because of this lack of information, apart from sales prices, consumers refer only to the manufacturing and expiration dates when deciding whether to purchase and how many of these goods to buy. If dealers could determine the sales price at each point in time and customers' intention to buy goods of varying freshness, then dealers could set an optimal inventory cycle and allocate a weekly sales price for each point in time, thereby maximizing the profit per unit time. Therefore, in this study, an economic order quality model was established to enable discussion of the optimal control of sales prices. The technique for identifying the optimal solution for the model was determined, the characteristics of the optimal solution were demonstrated, and the implications of the solution's sensitivity analysis were explained.

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“…Also, Avinadav et al [16], Chen and Chang [17], and Shi et al [18] evaluated the RPLS problem without trade credit assuming that the demand rate is represented by a linear function of selling price.…”

Section: Introductionmentioning

confidence: 99%

Buyer’s Pricing and Lot-sizing Policy with Price Dependent Demand under Day terms Supplier Credit in a Two-Stage Supply Chain

Shinn¹

2017

AJMAHS

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As an effective means of price discrimination, some suppliers offer credit periods to the buyers in order to stimulate the demand for the product they produce. The availability of the credit period from the supplier enables the buyer to choose his selling price from a wider range of price option. Since the buyer's lot-size is affected by the customer's demand rate of the product, the problems of determining the selling price and the lot-size are interdependent and must be solved simultaneously. In this regard, this paper deals with the problem of determining the buyer's optimal selling price and lot-size simultaneously when the supplier permits delay in payments for an order of a product. The positive effects of credit period on the product demand can be integrated into the inventory model through the consideration of retailing situations, where the demand rate is a function of the selling price the buyer sets for the product. Thus, it is also assumed that the customer's demand rate is represented by a downward slopping linear function of the selling price. Investigation of the properties of an optimal solution allows us to develop an algorithm whose validity is illustrated using an example problem.

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Optimal ordering and pricing policy for demand functions that are separable into price and inventory age

Cited by 75 publications

References 26 publications

The effect of risk sensitivity on a supply chain of mobile applications under a consignment contract with revenue sharing and quality investment

The effect of risk sensitivity on a supply chain of mobile applications under a consignment contract with revenue sharing and quality investment

Economic Order Quality Model for Determining the Sales Prices of Fresh Goods at Various Points in Time

Buyer’s Pricing and Lot-sizing Policy with Price Dependent Demand under Day terms Supplier Credit in a Two-Stage Supply Chain

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