| 000 | 02584naaaa2200457uu 4500 | ||
|---|---|---|---|
| 001 | https://directory.doabooks.org/handle/20.500.12854/37100 | ||
| 020 | _ab13901 | ||
| 024 | 7 |
_a10.3726/b13901 _cdoi |
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| 041 | 0 | _aEnglish | |
| 042 | _adc | ||
| 072 | 7 |
_aKJMV5 _2bicssc |
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| 072 | 7 |
_aKJMV8 _2bicssc |
|
| 100 | 1 |
_aGimpl-Heersink, Lisa _4auth |
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| 245 | 1 | 0 | _aJoint Pricing and Inventory Control under Reference Price Effects |
| 260 |
_aBern _bPeter Lang International Academic Publishing Group _c2018 |
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| 300 | _a1 electronic resource (124 p.) | ||
| 506 | 0 |
_aOpen Access _2star _fUnrestricted online access |
|
| 520 | _aIn this work, we address the problem of simultaneously determining a pricing and inventory replenishment strategy under reference price effects. This reference price effect models the fact that consumers not only react sensitively to the current price, but also to deviations from a reference price formed on the basis of past purchases. Immediate effects of price reductions on profits have to be weighted against the resulting losses in future periods. By providing an analytical analysis and numerical simulations we study how the additional dynamics of the consumers’ willingness to pay affect an optimal pricing and inventory control model and whether a simple policy such as a base-stock-list-price policy holds in such a setting. | ||
| 540 |
_aCreative Commons _fhttps://creativecommons.org/licenses/by/4.0/legalcode _2cc _4https://creativecommons.org/licenses/by/4.0/legalcode |
||
| 546 | _aEnglish | ||
| 650 | 7 |
_aProduction & quality control management _2bicssc |
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| 650 | 7 |
_aPurchasing & supply management _2bicssc |
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| 653 | _aAnalytical Analysis | ||
| 653 | _aControl | ||
| 653 | _aDynamic Programming | ||
| 653 | _aEffects | ||
| 653 | _aGimpl | ||
| 653 | _aHeersink | ||
| 653 | _aIntegrated Pricing and Inventory Models | ||
| 653 | _aInventory | ||
| 653 | _aJoint | ||
| 653 | _aPrice | ||
| 653 | _aPricing | ||
| 653 | _aReference | ||
| 653 | _aStochastic Demand Models | ||
| 653 | _aunder | ||
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://library.oapen.org/bitstream/20.500.12657/26874/1/1003169.pdf _70 _zDOAB: download the publication |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://library.oapen.org/bitstream/20.500.12657/26874/1/1003169.pdf _70 _zDOAB: download the publication |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://library.oapen.org/bitstream/20.500.12657/26874/1/1003169.pdf _70 _zDOAB: download the publication |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://directory.doabooks.org/handle/20.500.12854/37100 _70 _zDOAB: description of the publication |
| 999 |
_c44051 _d44051 |
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