UID:
almahu_9949568481802882
Format:
1 online resource (122 pages)
Edition:
1st ed.
ISBN:
9783631753941
Series Statement:
Forschungsergebnisse der Wirtschaftsuniversitaet Wien Series ; v.43
Note:
Cover -- 1 Introduction -- 1.1 Joint Pricing and Inventory Control -- 1.2 Research Focus -- 1.3 Structure of the Thesis -- 1.4 Notation and Conventions -- 2 A Review of the Newsvendor Model -- 2.1 Price-taking newsvendor model -- 2.2 Price-setting newsvendor model -- 2.2.1 Modelling demand with additive and multiplicative uncertainty -- 2.2.2 Maximizing the expected profit -- 2.2.3 Optimal price -- 3 An Empirical Study -- 3.1 Description of the data -- 3.2 Demand estimation -- 3.2.1 Detrending demand data -- 3.2.2 Estimating the additive and the multiplicative models -- 3.3 Selection among the additive and the multiplicative models -- 3.3.1 A formal test for model selection -- 3.3.2 Selection based on homoskedasticity -- 3.3.3 Summary of model selection -- 3.4 Fitting a general model -- 3.5 Simulation of profits -- 3.5.1 Comparison of the additive and the multiplicative models based on simulated profits -- 3.5.2 Comparison with the general model based on simulated profits -- 3.5.3 Comparison of the joint and the sequential optimization based on simulated profits -- 3.5.4 Optimal policy with a limited inventory level -- 4 Analysis of the Generalized Model -- 4.1 Literature review -- 4.2 Model description -- 4.2.1 Failure rate and failure rate ordering -- 4.2.2 Elasticity of expected sales -- 4.3 Non-integrated approach -- 4.3.1 Optimizing order quantity -- 4.3.2 Optimizing price -- 4.4 Integrated approach -- 4.4.1 Optimality conditions -- 4.4.2 Structural properties -- 4.5 Sales elasticity for additive and multiplicative models -- 4.6 Numerical study -- 4.6.1 Monotone variance -- 4.6.2 Non-monotone variance -- 5 Conclusion -- References.
Additional Edition:
Print version: Arikan, Emel Single Period Inventory Control and Pricing Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften,c2011 ISBN 9783631612224
Language:
English
Keywords:
Electronic books.
