Single Period Inventory Control and Pricing
Regular price
€27.50
14 days return policy
Shipping & Delivery
A01=Emel Arikan
Analytical
Author_Emel Arikan
Category=KCBM
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Product details
- ISBN 9783631612224
- Weight: 270g
- Dimensions: 148 x 210mm
- Publication Date: 25 Mar 2011
- Publisher: Peter Lang AG
- Publication City/Country: CH
- Product Form: Hardback
Secure
checkout
Fast Shipping
Easy returns
The price-setting newsvendor model is used to address the single period joint pricing and inventory control problem. The objective is to set the optimal price and replenishment quantity of a single product in order to maximize the expected profit. Products with a short selling season and relatively long replenishment lead times such as fashion goods are the most relevant application areas of the model. The focus of the work is the generalization of the model with respect to the modeling of uncertainty in demand. The author presents an analytical and empirical study which compares different demand models with a more flexible model based on price and inventory optimization. She concludes that using a general model can increase the profits significantly.
Emel Arıkan holds an M.Sc. in Industrial Engineering and a doctoral degree in Social and Economic Sciences. She worked as researcher and lecturer at the Institute for Production Management at the Vienna University of Economics and Business. Her research interests include Operations Management, Inventory Control and Pricing.
