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Optimal procurement policies under price-dependent demand

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  • Polatoglu, Hakan
  • Sahin, Izzet

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  • Polatoglu, Hakan & Sahin, Izzet, 2000. "Optimal procurement policies under price-dependent demand," International Journal of Production Economics, Elsevier, vol. 65(2), pages 141-171, April.
    • Handle: RePEc:eee:proeco:v:65:y:2000:i:2:p:141-171
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    References listed on IDEAS

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    4. Arthur J. Nevins, 1966. "Some Effects of Uncertainty: Simulation of a Model of Price," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(1), pages 73-87.
    5. Edwin S. Mills, 1959. "Uncertainty and Price Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 73(1), pages 116-130.
    6. Zabel, Edward, 1972. "Multiperiod monopoly under uncertainty," Journal of Economic Theory, Elsevier, vol. 5(3), pages 524-536, December.
    7. T. M. Whitin, 1955. "Inventory Control and Price Theory," Management Science, INFORMS, vol. 2(1), pages 61-68, October.
    8. Joseph Thomas, 1970. "Price-Production Decisions with Deterministic Demand," Management Science, INFORMS, vol. 16(11), pages 747-750, July.
    9. Young, Leslie, 1979. "Uncertainty, Market Structure, and Resource Allocation," Oxford Economic Papers, Oxford University Press, vol. 31(1), pages 47-59, March.
    10. Polatoglu, L. Hakan, 1991. "Optimal order quantity and pricing decisions in single-period inventory systems," International Journal of Production Economics, Elsevier, vol. 23(1-3), pages 175-185, October.
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    Citations

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    Cited by:

    1. Kim, Young-Joo & Hwang, Hark, 2008. "Incremental discount policy for taxi fare with price-sensitive demand," International Journal of Production Economics, Elsevier, vol. 112(2), pages 895-902, April.
    2. Hyun-Soo Ahn & Mehmet Gümüc{s} & Philip Kaminsky, 2009. "Inventory, Discounts, and the Timing Effect," Manufacturing & Service Operations Management, INFORMS, vol. 11(4), pages 613-629, September.
    3. Qi Feng & Sirong Luo & Dan Zhang, 2014. "Dynamic Inventory–Pricing Control Under Backorder: Demand Estimation and Policy Optimization," Manufacturing & Service Operations Management, INFORMS, vol. 16(1), pages 149-160, February.
    4. Youhua (Frank) Chen & Saibal Ray & Yuyue Song, 2006. "Optimal pricing and inventory control policy in periodic‐review systems with fixed ordering cost and lost sales," Naval Research Logistics (NRL), John Wiley & Sons, vol. 53(2), pages 117-136, March.
    5. Yin, Rui & Rajaram, Kumar, 2007. "Joint pricing and inventory control with a Markovian demand model," European Journal of Operational Research, Elsevier, vol. 182(1), pages 113-126, October.
    6. Xin Chen & David Simchi-Levi, 2004. "Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case," Operations Research, INFORMS, vol. 52(6), pages 887-896, December.
    7. Wei, Ying & Chen, Youhua (Frank), 2011. "Joint determination of inventory replenishment and sales effort with uncertain market responses," International Journal of Production Economics, Elsevier, vol. 134(2), pages 368-374, December.
    8. Xin Chen & David Simchi-Levi, 2004. "Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case," Mathematics of Operations Research, INFORMS, vol. 29(3), pages 698-723, August.
    9. Herbon, Avi & Khmelnitsky, Eugene, 2017. "Optimal dynamic pricing and ordering of a perishable product under additive effects of price and time on demand," European Journal of Operational Research, Elsevier, vol. 260(2), pages 546-556.
    10. Gurkan, M. Edib & Tunc, Huseyin & Tarim, S. Armagan, 2022. "The joint stochastic lot sizing and pricing problem," Omega, Elsevier, vol. 108(C).
    11. Brian Tomlin & Yimin Wang, 2008. "Pricing and Operational Recourse in Coproduction Systems," Management Science, INFORMS, vol. 54(3), pages 522-537, March.
    12. Yuyue Song & Saibal Ray & Tamer Boyaci, 2009. "Technical Note---Optimal Dynamic Joint Inventory-Pricing Control for Multiplicative Demand with Fixed Order Costs and Lost Sales," Operations Research, INFORMS, vol. 57(1), pages 245-250, February.
    13. Hong Chen & Zhan Zhang, 2014. "Technical Note—Joint Inventory and Pricing Control with General Additive Demand," Operations Research, INFORMS, vol. 62(6), pages 1335-1343, December.
    14. Sirong Luo & Jianrong Wang, 2017. "A technical note on the dynamic nonstationary inventory-pricing control model with lost sale," International Journal of Production Research, Taylor & Francis Journals, vol. 55(19), pages 5816-5825, October.
    15. Qi Feng & Sirong Luo & J. George Shanthikumar, 2020. "Integrating Dynamic Pricing with Inventory Decisions Under Lost Sales," Management Science, INFORMS, vol. 66(5), pages 2232-2247, May.
    16. Zaarour, Nizar & Melachrinoudis, Emanuel & Solomon, Marius M., 2016. "Maximizing revenue of end of life items in retail stores," European Journal of Operational Research, Elsevier, vol. 255(1), pages 133-141.
    17. K. M. Kamna & Prerna Gautam & Chandra K. Jaggi, 0. "Sustainable inventory policy for an imperfect production system with energy usage and volume agility," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 0, pages 1-9.
    18. Sandro Brusco & Ornella Tarola & Sandro Trento, 2016. "Timing Of Lumpy Investment, Pricing And Technical Progress," Bulletin of Economic Research, Wiley Blackwell, vol. 68(1), pages 16-33, January.
    19. Sandun C. Perera & Suresh P. Sethi, 2023. "A survey of stochastic inventory models with fixed costs: Optimality of (s, S) and (s, S)‐type policies—Discrete‐time case," Production and Operations Management, Production and Operations Management Society, vol. 32(1), pages 131-153, January.
    20. Ray, Saibal & Song, Yuyue & Verma, Manish, 2010. "Comparison of two periodic review models for stochastic and price-sensitive demand environment," International Journal of Production Economics, Elsevier, vol. 128(1), pages 209-222, November.
    21. Ba, Luyao & Xie, Yangyang & Ma, Lijun, 2023. "Finite-horizon joint inventory-pricing optimization with non-concave demand and lost sales," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 172(C).
    22. Zhou, Zhefang & Li, Yanjun & Tang, Kwei, 2009. "Dynamic pricing and warranty policies for products with fixed lifetime," European Journal of Operational Research, Elsevier, vol. 196(3), pages 940-948, August.
    23. K. M. Kamna & Prerna Gautam & Chandra K. Jaggi, 2021. "Sustainable inventory policy for an imperfect production system with energy usage and volume agility," International Journal of System Assurance Engineering and Management, Springer;The Society for Reliability, Engineering Quality and Operations Management (SREQOM),India, and Division of Operation and Maintenance, Lulea University of Technology, Sweden, vol. 12(1), pages 44-52, February.
    24. Boxiao Chen & David Simchi-Levi & Yining Wang & Yuan Zhou, 2022. "Dynamic Pricing and Inventory Control with Fixed Ordering Cost and Incomplete Demand Information," Management Science, INFORMS, vol. 68(8), pages 5684-5703, August.

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