Pricing and inventory management

X Chen, D Simchi-Levi - 2012 - academic.oup.com
This article surveys academic research on price optimization models in which inventory
replenishment plays a critical role. The emphasis is on integrated production/inventory and …

Pricing and lot-sizing decisions for perishable goods when demand depends on selling price, reference price, product freshness, and displayed stocks

R Li, JT Teng - European Journal of Operational Research, 2018 - Elsevier
Price is an important factor affecting demand rate based on economic and marketing theory.
In addition, today's health-conscious consumers prefer a product further from its expiration …

Optimal dynamic pricing and preservation technology investment for deteriorating products with reference price effects

CY Dye, CT Yang - Omega, 2016 - Elsevier
Marketing and consumer behavior literature has empirically demonstrated that reference
prices play a critical role in customer purchase decisions. In this paper, we propose a joint …

Optimal lot-size and price of perishable goods: a novel game-theoretic model using double interval grey numbers

A Hendalianpour - Computers & Industrial Engineering, 2020 - Elsevier
Industrial supply chain management is facing major challenges associated with supplying
perishable products, particularly healthy and high-quality foods with a limited shelf-life that …

Deep reinforcement learning approach for solving joint pricing and inventory problem with reference price effects

Q Zhou, Y Yang, S Fu - Expert Systems with Applications, 2022 - Elsevier
Reference prices, developed by consumers who frequently buy their desired products or
services and form psychological price expectations as a benchmark, have significant …

Optimal dynamic pricing for deteriorating items with reference price effects when inventories stimulate demand

TP Hsieh, CY Dye - European Journal of Operational Research, 2017 - Elsevier
In this paper, we incorporate reference price effects into a deteriorating inventory problem
when the demand rate depends on displayed stock level and selling price simultaneously …

A game theoretic approach to coordinate price promotion and advertising policies with reference price effects in a two-echelon supply chain

Y Malekian, M Rasti-Barzoki - Journal of retailing and consumer services, 2019 - Elsevier
In this paper, the price promotion and manufacturer national advertising are investigated in a
manufacturer-retailer supply chain with reference price effects of consumers taken into …

Optimal pricing and inventory policies with reference price effect and loss-averse customers

Q Wang, N Zhao, J Wu, Q Zhu - Omega, 2021 - Elsevier
Research on customer behavior and marketing has shown that reference prices significantly
influence the customers' purchase behaviors and retailers' policies. In this paper, we …

The reference effects on a retailer's dynamic pricing and inventory strategies with strategic consumers

S Wu, Q Liu, RQ Zhang - Operations Research, 2015 - pubsonline.informs.org
We consider a retailer that sells the same or different versions of the product season after
season. At the beginning of each season (stage 1), the retailer places an order and sells the …

[HTML][HTML] Two-period pricing and decision strategies in a two-echelon supply chain under price-dependent demand

T Maiti, BC Giri - Applied Mathematical Modelling, 2017 - Elsevier
This paper presents a two-period supply chain model which is comprised of one
manufacturer and one retailer who are involved in trading a single product. The demand rate …