Jointed decision model on ordering and pricing for short-life-cycle product

MaRDI QIDQ3610175zbMATH OpenFDO

Authors Bin Liu, Guanghua Qiu, Zhenjie Zhai, Sifeng Liu

Publication date 6 March 2009

zbMATH Keywords

iterative search algorithmjoint decisionnewsboy modelstochastic dynamic programming

Mathematics Subject Classification ID

Dynamic programming (90C39) Microeconomic theory (price theory and economic markets) (91B24)

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(7)

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• Joint decisions on product line selection, purchasing, and pricing
• Order and exit decisions under non-increasing price curves for products with short life cycles
• Ordering strategy of short life-cycle products under the influence of the customers search intensity
• Joint decision model of pricing and ordering of perishable products under supply uncertainty

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