Optimal ordering policies in inventory systems with random demand and random deal offerings

European Journal of Operational Research

Volumn 95, Issue 2, 1996, Pages 299-312

  Gurnani, Haresh ^a  

^a HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY   (Hong Kong)

Author keywords

Dynamic programming; Gaming; Inventory; Promotion; Purchasing

Indexed keywords

COSTS; DYNAMIC PROGRAMMING; GAME THEORY; MARKETING; MATHEMATICAL MODELS; PURCHASING; RANDOM PROCESSES;

GAMING; PROMOTION; RANDOM DEAL OFFERINGS; RANDOM DEMAND;

INVENTORY CONTROL;

EID: 0030572954     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/0377-2217(95)00272-3     Document Type: Article

References (19)

1. Ardalan, A. (1988), "Optimal ordering policies in response to a sale", IIE Transactions 20, 292-294.
2. Blattberg, R.C., Eppen, G.D., and Lieberman, J. (1981), "A theoretical and empirical evaluation of price deals for consumer nondurables", Journal of Marketing 45, 116-129.
3. Buzacott, J. (1975), "Economic order quantity with inflation", Operational Research Quarterly 25.
4. Friend, J.K. (1960), "Stock control with random opportunities for replenishment", Operational Research Quarterly 11, 130-136.
5. Golabi, K. (1985), "Optimal inventory policies when ordering prices are random", Operations Research 33, 575-588.
6. Heyman, D., and Sobel, M.J. (1984), Stochastic Models in Operations Research, Volume II: Stochastic Optimization, McGraw-Hill, New York.
7. Hurter, A.P., and Kaminsky, F.C. (1968), "Inventory control with random and regular replenishment", Journal of Industrial Engineering 19, 380-385.
8. Jucker, J.V., and Rosenblatt, M. (1986), "Single period inventory models with demand uncertainty and quantity discounts: Behavioral implication and new solutions procedure", Naval Research Logistics Quarterly 32, 537-550.
9. Lazear, E.P. (1986), "Retail pricing and clearance sales", The American Economic Review 76/1, 14-32.
10. Lee, H.L., and Rosenblatt, M. (1986), "A generalized quantity discount pricing model to increase supplier's profits", Management Science 32/9, 1177-1185.
11. Lev, B., and Weiss, H. (1990), "Inventory models with cost changes", Operations Research 38, 53-63.
12. Lev, B., Weiss, H., and Soyster, A. (1981), "Optimal ordering policies when anticipating parameter changes in EOQ systems", Naval Research Logistics Quarterly 28/2, 267-279.
13. Moinzadeh, K. (1993), "Replenishment/stocking policies for inventory systems with random deal offerings", Working Paper, School of Business, University of Washington.
14. Naddor, E. (1966), Inventory Systems, Wiley, New York.
15. Peterson, R., and Silver, E.A. (1979), Decision Systems for Inventory Management and Production Planning, Wiley, New York.
16. Rosenblatt, M., and Lee, H.L. (1985), "Improving profitability with quantity discount with fixed demand", IIE Transactions 17/4, 388-395.
17. Ross, S.M. (1970), Applied Probability Models with Optimization Applications, Holden-Day, San Francisco, CA.
18. Silver, E.A., Robb, D.J., and Rahnama, M.A. (1993), "Random opportunities for reduced cost replenishments", IIE Transactions 25, 111-120.
19. Taylor, S., and Bradley, C. (1985), "Optimal ordering strategies for announced price increases", Operations Research 33, 312-325.