A note on the optimal pricing and production decisions with price-driven substitution

DOI10.1111/ITOR.12129zbMATH Open1330.91081OpenAlexW1962297403MaRDI QIDQ5744005FDOQ5744005

Authors: Sangwon Kim, Peter C. Bell 

Publication date: 9 February 2016

Published in: International Transactions in Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1111/itor.12129

Recommendations

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zbMATH Keywords

pricingsubstitutionrevenue managementcapacity constraint

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Microeconomic theory (price theory and economic markets) (91B24)

Cites Work

• Combined pricing and inventory control under uncertainty
• Pricing and the Newsvendor Problem: A Review with Extensions
• Analytical and managerial implications of integrating product substitutability in the joint pricing and procurement problem
• Integration of pricing and capacity allocation for perishable products
• Coordinating pricing and production decisions in the presence of price competition

Cited In (7)

• Product differentiation and operations strategy in a capacitated environment
• Optimal production decision for two substitutable productions with capacity constraint of manufacturer
• Active demand management for substitute products through price optimisation
• Effects of production capacity and substitutability on optimal pricing and inventory policies
• Advance selling under uncertain supply and demand: a robust newsvendor perspective
• Title not available (Why is that?)
• Optimal pricing and inventory strategies for introducing a new product based on demand substitution effects

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