Incremental discount policy for taxi fare with price-sensitive demand

International Journal of Production Economics

Volumn 112, Issue 2, 2008, Pages 895-902

  Kim, Young Joo ^a   Hwang, Hark ^a  

^a Korea Advanced Institute of Science and Technology (KAIST)   (South Korea)

Author keywords

Incremental discount policy; Price sensitive demand; Regenerative process; Taxi fare

Indexed keywords

CUSTOMER SATISFACTION; MATHEMATICAL MODELS; OPTIMIZATION; PROFITABILITY;

INCREMENTAL DISCOUNT POLICY; REGENERATIVE PROCESS;

COST EFFECTIVENESS;

EID: 39649102741     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ijpe.2007.08.001     Document Type: Article

References (17)

1. Abad P.L. Determining optimal selling price and lot size when the suppler offers all-unit quantity discounts. Decision Sciences 19 3 (1988) 622-635
2. Abad P.L., and Jaggi C.K. A joint approach for setting unit price and the length of the credit period for a seller when end demand is price sensitive. International Journal of Production Economics 183 (2003) 115-122
3. Burwell T.H., Dave D.S., Fitzpatrick K.E., and Roy M.R. Economic lot size model for price-dependent demand under quantity and freight discounts. International Journal of Production Economics 48 (1997) 141-155
4. Dolan R.J. Quantity discounts: Managerial issues and research opportunities. Marketing Science 6 (1987) 1-22
5. Goyal S.K. Comment on a generalized quantity discount pricing model to increase supplier's profits. Management Science 222 (1987) 1635-1636
6. Hadley G., and Whitin T.M. Analysis of Inventory Systems (1963), Prentice-Hall, Englewood Cliffs, NJ
7. Kim K.H., and Hwang H. An incremental discount pricing schedule with multiple customers and single price break. European Journal of Operational Research 35 (1988) 146-154
8. Lee H.L., and Rosenblatt M.J. A generalized quantity discount pricing model to increase supplier's profits. Management Science 32 (1986) 1177-1185
9. Monahan J.P. A quantity pricing model to increase vendor profits. Management Science 34 (1984) 1398-1400
10. Munson C.L., and Rosenblatt M.J. Theories and realities of quantity discounts: An exploratory study. Production and Operations Management 7 (1998) 352-369
11. Munson C.L., Rosenblatt M.J., and Rosenbaltt Z. The use and abuse of power in supply chains. Business Horizons 42 1 (1999) 55-65
12. Polatoglu H., and Sahin I. Optimal procurement policies under price-dependent demand. International Journal of Production Economics 65 (2000) 141-171
13. Rubin P.A., and Benton W.C. Evaluating jointly constrained order quantity complexities for incremental discounts. European Journal of Operational Research 149 (2003) 557-570
14. Sadrian A.A., and Yoon Y.S. A procurement decision support system in business volume discount environments. Operations Research 42 (1994) 14-23
15. Sarker B.R., and Kindi M.A. Optimal ordering policies in response to a discount offer. International Journal of Production Economics 100 (2006) 195-211
16. Viswanathan S., and Wang Q. Discount pricing decisions in distribution channels with price-sensitive demand. European Journal of Operational Research 149 (2003) 571-587
17. Wee H.H. Deteriorating inventory model with quantity discount, pricing and partial backordering. International Journal of Production Economics 59 (1999) 511-518