Analysis of the Newsboy Problem subject to price dependent demand and multiple discounts
| Autor: | Evren Sahin, Yves Dallery, Shouyu Ma, Zied Jemai |
|---|---|
| Přispěvatelé: | Laboratoire Génie Industriel - EA 2606 (LGI), CentraleSupélec |
| Jazyk: | angličtina |
| Rok vydání: | 2018 |
| Předmět: |
Inventory control
0209 industrial biotechnology Control and Optimization Applied Mathematics Strategy and Management As is Multiplicative function Problem context 02 engineering and technology Newsvendor model Atomic and Molecular Physics and Optics Term (time) Microeconomics 020901 industrial engineering & automation Subject (grammar) 0202 electrical engineering electronic engineering information engineering Econometrics Economics [SHS.GESTION]Humanities and Social Sciences/Business administration 020201 artificial intelligence & image processing Economic order quantity Business and International Management Electrical and Electronic Engineering |
| Zdroj: | Journal of Industrial and Management Optimization Journal of Industrial and Management Optimization, AIMS, 2018, 14 (3), pp.931-951. ⟨10.3934/jimo.2017083⟩ |
| ISSN: | 1547-5816 1553-166X |
| DOI: | 10.3934/jimo.2017083⟩ |
| Popis: | International audience; Existing papers on the Newsboy Problem that deal with price dependent demand and multiple discounts often analyze those two problems separately. This paper considers a setting where price dependence and multiple discounts are observed simultaneously, as is the case of the apparel industry. Henceforth, we analyze the optimal order quantity, initial selling price and discount scheme in the News-Vendor Problem context. The term of discount scheme is often used to specify the number of discounts as well as the discount percentages. We present a solution procedure of the problem with general demand distributions and two types of price-dependent demand: additive case and multiplicative case. We provide interesting insights based on a numerical study. An approximation method is proposed which confirms our numerical results. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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