The newsvendor problem with an in-season price adjustment

DOI10.1016/J.EJOR.2007.10.067MaRDI QIDQ1027600zbMATH OpenOpenAlexFDO

Authors Chia-Shin Chung, James Flynn, Jishan Zhu

Publication date 30 June 2009

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2007.10.067

zbMATH Keywords

newsvendorstochasticinventorysupply chainsingle-period

Mathematics Subject Classification ID

Stochastic programming (90C15) Inventory, storage, reservoirs (90B05)

Recommendations

• Pricing and the Newsvendor Problem: A Review with Extensions
• Newsvendor problem with clearance pricing
• Newsvendor problems with sequentially revealed demand information
• Note: the newsvendor model with endogenous demand
• Price sensitive demand with random sales price -- a newsboy problem

Cites work

• scientific article; zbMATH DE number 236854 (Why is no real title available?)
• Dynamic pricing and inventory control with learning
• Optimal Starting Times for End-of-Season Sales and Optimal Stopping Times for Promotional Fares
• Periodic Pricing of Seasonal Products in Retailing
• Pricing and the Newsvendor Problem: A Review with Extensions
• Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales
• Revenue management: Research overview and prospects
• The newsboy problem under progressive multiple discounts

Cited in

(12)

• Optimizing price, order quantity, and return policy in the presence of consumer opportunistic behavior for online retailers
• Pricing and the Newsvendor Problem: A Review with Extensions
• Newsvendor problems with sequentially revealed demand information
• Newsvendor problem with clearance pricing
• Nonlinear pricing for yield management and countering strategic consumer behavior
• Joint logistics and financial services by a 3PL firm
• Integrating inventory control and a price change in the presence of reference price effects: a two-period model
• Newsvendor problems with demand forecast updating and supply constraints
• Mean-variance analysis of supply chains under wholesale pricing and profit sharing schemes
• Well adjusted: using expediting and cancelation to manage store replenishment inventory for a seasonal good
• Retail store operations: literature review and research directions
• Optimal fences and joint price and inventory decisions in distinct markets with demand leakage

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