Optimal pricing and inventory policy with order cancelations under the cash-on-delivery payment scheme

DOI10.1007/S11424-014-3090-0MaRDI QIDQ890639zbMATH OpenOpenAlexFDO

Authors Jie Zhang, Baozhuang Niu, Jianbin Li

Publication date 10 November 2015

Published in Journal of Systems Science and Complexity (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11424-014-3090-0

zbMATH Keywords

dynamic programmingcustomer behaviorcash-on-deliveryjoint price and inventory decisions

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Microeconomic theory (price theory and economic markets) (91B24) Optimal stochastic control (93E20)

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Cites work

• (s, S) Optimality in Joint Inventory-Pricing Control: An Alternate Approach
• A dynamic, nonstationary inventory problem for a price/quantity setting firm
• Characteristic decomposition of the \(2\times 2\) quasilinear strictly hyperbolic systems
• Combined pricing and inventory control under uncertainty
• Financing the newsvendor: supplier vs. bank, and the structure of optimal trade credit contracts
• Integration of inventory and pricing decisions with costly price adjustments
• Optimal pricing and inventory control policy in periodic-review systems with fixed ordering cost and lost sales
• Optimal replenishment and pricing decisions under the collect-on-delivery payment scheme
• Pricing and the Newsvendor Problem: A Review with Extensions

Cited in

(4)

• Performance analyses of production inventory systems considering service time and product returns of online shopping
• Uniform pricing strategy vs. price differentiation strategy in the presence of cost saving and demand increasing
• Optimal replenishment and pricing decisions under the collect-on-delivery payment scheme
• Dynamic pricing of inventory with cancellation demand

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