Optimal product line pricing in the presence of budget-constrained consumers

DOI10.1016/J.EJOR.2015.07.006zbMATH Open1348.90357OpenAlexW1479338616MaRDI QIDQ320658FDOQ320658

Claudius Steinhardt, Stefan Mayer

Publication date: 7 October 2016

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

Full work available at URL: https://doi.org/10.1016/j.ejor.2015.07.006

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zbMATH Keywords

pricingmixed-integer programmingbranch-and-boundknapsack constraints

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Mixed integer programming (90C11)

Cites Work

• Prospect Theory: An Analysis of Decision under Risk
• The Framing of Decisions and the Psychology of Choice
• Scheduling of resource-constrained projects
• The theory and practice of revenue management
• Product line pricing for services with capacity constraints and dynamic substitution
• Discrete-Variable Extremum Problems
• Product line selection and pricing under a share-of-surplus choice model.
• Profitability in product line pricing and composition with manufacturing commonalities
• Multiproduct price optimization and competition under the nested logit model with product-differentiated price sensitivities
• Technical Note: Mathematical Properties of the Optimal Product Line Selection Problem Using Choice-Based Conjoint Analysis
• Optimizing Multinomial Logit Profit Functions
• Maximum utility product pricing models and algorithms based on reservation price

Cited In (10)

• Repositioning to sink: the pricing and quality decisions for product line considering the sinking market
• Optimal pricing for a short life-cycle product when customer price-sensitivity varies over time
• Product line optimization in the presence of preferences for compromise alternatives
• Joint decisions on product line selection, purchasing, and pricing
• An efficient method for joint product line selection and pricing with fixed costs
• A new model and solution method for product line design with pricing
• Pricing heterogeneous products to heterogeneous customers who buy sequentially
• A review on competitive pricing in supply chain management problems: models, classification, and applications
• Optimal product line design with reference price effects
• Balancing product differentiation and cost saving in the presence of consumer deliberation

Uses Software

• CPLEX

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