The economic order decision with continuous dynamic pricing and batch supply

Anita van den Berg; P.J.J. Herings; Hans Peters

doi:10.1016/j.orl.2017.05.007

The economic order decision with continuous dynamic pricing and batch supply

Anita van den Berg
, P.J.J. Herings^*
, Hans Peters

^*Corresponding author for this work

Research output: Contribution to journal › Article › Scientific › peer-review

Abstract

In an infinite horizon inventory and sales model, we show that the seller's unique strategy exhibits increasing prices under general conditions on the revenue function. An increasing discount rate leads to an increase of the time interval between order times, but an increase in batch size has an ambiguous effect.

Original language	English
Pages (from-to)	371-376
Journal	Operations Research Letters
Volume	45
Issue number	4
DOIs	https://doi.org/10.1016/j.orl.2017.05.007
Publication status	Published - Jul 2017
Externally published	Yes

Keywords

Dynamic pricing
Economic order decision
Inventory
COORDINATING INVENTORY CONTROL
DEMAND
STRATEGIES
MODEL

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10.1016/j.orl.2017.05.007

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title = "The economic order decision with continuous dynamic pricing and batch supply",

abstract = "In an infinite horizon inventory and sales model, we show that the seller's unique strategy exhibits increasing prices under general conditions on the revenue function. An increasing discount rate leads to an increase of the time interval between order times, but an increase in batch size has an ambiguous effect. ",

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year = "2017",

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doi = "10.1016/j.orl.2017.05.007",

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T1 - The economic order decision with continuous dynamic pricing and batch supply

AU - van den Berg, Anita

AU - Herings, P.J.J.

AU - Peters, Hans

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AB - In an infinite horizon inventory and sales model, we show that the seller's unique strategy exhibits increasing prices under general conditions on the revenue function. An increasing discount rate leads to an increase of the time interval between order times, but an increase in batch size has an ambiguous effect.

KW - Dynamic pricing

KW - Economic order decision

KW - Inventory

KW - COORDINATING INVENTORY CONTROL

KW - DEMAND

KW - STRATEGIES

KW - MODEL

U2 - 10.1016/j.orl.2017.05.007

DO - 10.1016/j.orl.2017.05.007

M3 - Article

SN - 0167-6377

VL - 45

SP - 371

EP - 376

JO - Operations Research Letters

JF - Operations Research Letters

IS - 4

ER -

The economic order decision with continuous dynamic pricing and batch supply

Abstract

Keywords

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