Effects of production capacity and substitutability on optimal pricing and inventory policies

DOI10.1007/S10479-023-05255-ZMaRDI QIDQ6165401zbMATH OpenOpenAlexFDO

Authors Jianghua Wu, Zepeng Wang, Chenchen Zhao

Publication date 31 July 2023

Published in Annals of Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10479-023-05255-z

zbMATH Keywords

capacity allocationcapacity constraintspricingproduct substitutabilityuncertain market

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Management decision making, including multiple objectives (90B50) Microeconomic theory (price theory and economic markets) (91B24) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Optimal production decision for two substitutable productions with capacity constraint of manufacturer
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• Analytical and managerial implications of integrating product substitutability in the joint pricing and procurement problem

Cites work

• A preference-based, multi-unit auction for pricing and capacity allocation
• Capacity allocation under downstream competition and bargaining
• Coordinating inventory control and pricing strategies for perishable products
• Dynamic pricing and inventory management with demand learning: a Bayesian approach
• Evaluating the effects of capacity constraints and demand patterns on supply chain replenishment strategies
• Flexible Service Capacity: Optimal Investment and the Impact of Demand Correlation
• Integration of development and advertising strategies for multi-attribute products under competition
• Inventory management under price-based and stockout-based substitution
• Monopoly and Uncertainty
• Optimal inventory policy for two substitutable products with customer service objectives
• Optimal production, pricing, and substitution policies in continuous review production-inventory systems
• Pricing and the Newsvendor Problem: A Review with Extensions
• Revenue sharing contracts for horizontal capacity sharing under competition
• Safety stock placement problem in capacitated supply chains
• Sharing demand information in competing supply chains with production diseconomies
• Single-period multiproduct inventory models with substitution
• Strategic technology choice and capacity investment under demand uncertainty
• Supplier encroachment under nonlinear pricing with imperfect substitutes: bargaining power versus revenue-sharing

Cited in

(9)

• The implications of costs, capacity, and competition on product line selection
• Optimal production, pricing, and substitution policies in continuous review production-inventory systems
• Quality and pricing decisions in production/inventory systems
• Optimal production decision for two substitutable productions with capacity constraint of manufacturer
• The impact of demand uncertainty on product line design under endogenous substitution
• Product differentiation and operations strategy in a capacitated environment
• A note on the optimal pricing and production decisions with price-driven substitution
• Pricing and order quantity of substitutes in two inventory‐related markets
• Optimal capacity for substitutable products under operational postponement

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