Newsboy problem: viability of optimal initial selling price and ordering policies in the presence of exogenous price decline and random lead time

DOI10.1051/RO/2013044MaRDI QIDQ5397707zbMATH OpenOpenAlexFDO

Authors Ningombam Sanjib Meitei, Snigdha Banerjee

Publication date 24 February 2014

Published in RAIRO - Operations Research (Search for Journal in Brave)

Full work available at URL http://www.numdam.org/item?id=RO_2013__47_4_371_0/

zbMATH Keywords

pricingstochastic lead-timeexogenous price declineinitial selling priceviable policies

Mathematics Subject Classification ID

Case-oriented studies in operations research (90B90) Inventory, storage, reservoirs (90B05) Microeconomic theory (price theory and economic markets) (91B24)

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Cited in

(4)

• Price sensitive demand with random sales price -- a newsboy problem
• Effect of declining selling price: profit analysis for a single period inventory model with stochastic demand and lead time
• Newsboy model of seasonal commodity sales under volume discount
• On the optimality conditions of a price-setting newsvendor problem

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