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Single Period Inventory Control and Pricing

Single Period Inventory Control and Pricing


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About the Book

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.
About the Author: 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.


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Product Details
  • ISBN-13: 9783631612224
  • Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
  • Publisher Imprint: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
  • Depth: 13
  • Height: 211 mm
  • No of Pages: 116
  • Series Title: Forschungsergebnisse Der Wirtschaftsuniversitaet Wien
  • Sub Title: An Empirical and Analytical Study of a Generalized Model
  • Width: 147 mm
  • ISBN-10: 3631612222
  • Publisher Date: 25 Mar 2011
  • Binding: Hardback
  • Edition: New ed
  • Language: English
  • Returnable: N
  • Spine Width: 13 mm
  • Weight: 367 gr


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Single Period Inventory Control and Pricing
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Single Period Inventory Control and Pricing
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