Optimal ordering and pricing policies in a single-period environment with multivariate demand and markdowns

European Journal of Operational Research

Volumn 103, Issue 3, 1997, Pages 573-583

  Urban, Timothy L ^a   Baker, R C ^b  

^a UNIVERSITY OF TULSA   (United States)

^b UNIVERSITY OF TEXAS AT ARLINGTON   (United States)

Author keywords

Inventory theory; Optimization

Indexed keywords

COSTS; DECISION MAKING; MATHEMATICAL MODELS; OPTIMIZATION;

INVENTORY THEORY; MARKDOWN; MULTIVARIATE DEMAND; OPTIMAL ORDERING; OPTIMAL PRICING; SINGLE PERIOD INVENTORY;

INVENTORY CONTROL;

EID: 0031333320     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0377-2217(96)00301-3     Document Type: Article

References (26)

1. Abad, P.L., "Determining optimal selling price and lot size when the supplier offers all-unit quantity discounts", Decision Sciences 19 (1988) 622-634.
2. Arcelus, F.J., and Srinivasan, G., "Inventory policies under various optimizing criteria and variable markup rates", Management Science 33 (1987) 756-762.
3. Baker, R.C., and Urban, T.L., "A deterministic inventory system with an inventory-level-dependent demand rate", Journal of the Operational Research Society 39 (1988) 823-831.
4. Baker, R.C., and Urban, T.L., "Single-period inventory dependent demand models", Omega 16 (1988) 605-607.
5. Barbosa, L.C., and Friedman, M., "Deterministic inventory lot size models - A general root law", Management Science 24 (1978) 819-826.
6. Donaldson, W.A., "Inventory replenishment policy for a linear trend in demand - An analytical solution", Operational Research Quarterly 28 (1977) 633-670.
7. Doran, H.E., Applied Regression Analysis in Econometrics, Marcel Dekker, New York, 1989.
8. Gallego, G., and van Ryzin, G., "Optimal dynamic pricing of inventories with stochastic demand over finite horizons", Management Science 40 (1994) 999-1020.
9. Gerchak, Y., and Wang, Y., "Periodic-review inventory models with inventory-level-dependent demand", Naval Research Logistics 41 (1994) 99-116.
10. Goyal, S.K., "On improving replenishment policies for linear trend in demand", Engineering Costs and Production Economics 20 (1979) 47-53.
11. Hanssmann, F., Operations Research in Production and Inventory Control, Wiley, New York, 1962.
12. Houthakker, H.S., and Taylor, L.D., Consumer Demand in the United States: Analysis and Projections, Harvard University Press, Cambridge, MA, 1970.
13. Kotler, P., Marketing Decision Making: A Model Building Approach, Holt, Reinhart & Winston, New York, 1971.
14. Koutsoyiannis, A., Modern Microeconomics, Wiley, New York, 1975.
15. Ladany, S.P., and Sternlieb, A., "The interaction of economic order quantities and marketing policies", AIIE Transactions 6 (1974) 35-40.
16. Larson, P.D., and DeMarais, R.A., "Psychic stock: An independent variable category of inventory", International Journal of Physical Distribution and Logistics Management 20 (1990) 28-34.
17. Lau, A.H., and Lau, H.-S., "The newsboy problem with price-dependent demand distribution", IIE Transactions 20 (1988) 168-175.
18. Lee, H.L., and Rosenblatt, M.J., "The effects of varying marketing policies and conditions on the economic order quantity", International Journal of Production Research 24 (1986) 593-598.
19. Mandal, B.N., and Phaujdar, S., "An inventory model for deteriorating items and stock-dependent consumption rate", Journal of the Operational Research Society 40 (1989) 483-488.
20. Padmanabhan, G., and Vrat, P., "An EOQ model for items with stock dependent consumption rate and exponential decay", Engineering Costs and Production Economics 18 (1990) 241-246.
21. Resh, M., Friedman, M., and Barbosa, L.C., "On a general solution of the deterministic lot size problem with time-proportional demand", Operations Research 24 (1976) 718-725.
22. Shah, Y.K., and Jha, P.J., "A single-period stochastic inventory model under the influence of marketing policies", Journal of the Operational Research Society 42 (1991) 173-176.
23. Silver, E.A., "A simple inventory replenishment decision rule for a linear trend in demand", Journal of the Operational Research Society 30 (1981) 71-75.
24. Urban, T.L., "Deterministic inventory models incorporating marketing decisions", Computers and Industrial Engineering 22 (1992) 85-93.
25. Whitin, T.M., "Inventory control and price theory", Management Science 2 (1955) 61-68.
26. Wolfe, H.B., "A model for control of style merchandise", Industrial Management Review 9 (1968) 69-82.