Analytical and managerial implications of integrating product substitutability in the joint pricing and procurement problem

DOI10.1016/j.ejor.2007.06.026zbMath1146.90316OpenAlexW2171726199MaRDI QIDQ2482827

M. Karakul, Lap Mui Ann Chan

Publication date: 24 April 2008

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2007.06.026

zbMATH Keywords

pricingsubstitutionstochastic inventory control

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (13)

Which strategy is better for managing multi-product demand uncertainty: inventory substitution or probabilistic selling? ⋮ A classification of the literature on the planning of substitutable products ⋮ Inventory management under price-based and stockout-based substitution ⋮ Pricing and quality level decisions of substitutable products in online and traditional selling channels: game‐theoretical approaches ⋮ Stochastic optimization models with substitution as a result of price differences and stockouts ⋮ An Integrated Model of EOQ and Newsboy Problem for Substitutable Items with Space Constraints ⋮ Why and how do branders sell new products on flash sale platforms? ⋮ Inventory and coordination issues with two substitutable products ⋮ Deterministic EOQ with partial backordering and correlated demand caused by cross-selling ⋮ A note on the optimal pricing and production decisions with price‐driven substitution ⋮ Optimal pricing and inventory strategies for introducing a new product based on demand substitution effects ⋮ Joint pricing and procurement of substitutable products with random demands -- a technical note ⋮ PRICING AND INVENTORY DECISIONS WITH UNCERTAIN SUPPLY AND STOCHASTIC DEMAND

Cites Work

• Unnamed Item
• Unnamed Item
• Optimal ordering decisions for two substitutable products with stochastic demands
• Single-Period Multiproduct Inventory Models with Substitution
• Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions
• A New Product Growth for Model Consumer Durables
• Flexible Service Capacity: Optimal Investment and the Impact of Demand Correlation
• Centralized and Competitive Inventory Models with Demand Substitution
• Technical Change and the Rate of Imitation
• Optimal inventory policies for substitutable commodities with stochastic demand
• Some Concepts For Inventory Control Under Substitutable Demand^*
• Pricing and the Newsvendor Problem: A Review with Extensions
• Relationships Among Three Assumptions in Revenue Management
• The impact of product substitution on retail merchandising

This page was built for publication: Analytical and managerial implications of integrating product substitutability in the joint pricing and procurement problem