82
Views
0
CrossRef citations to date
0
Altmetric
Articles

Profit improvement through a reservation policy for seasonal goods with lognormal demand

Pages 363-377 | Received 23 Jan 2014, Accepted 02 Aug 2014, Published online: 19 Sep 2014

References

  • Anvari, M., “Optimality criteria and risk in inventory models: The case of the newsboy problem,” Journal of the Operational Research Society, 38, 625–632 (1987).10.1057/jors.1987.105
  • Bagchi, U. and J. C. Hayya, “Demand during lead time for normal unit demand and Erlang lead time,” Journal of the Operational Research Society, 35, 131–135 (1984).10.1057/jors.1984.19
  • Bagchi, U., J. C. Hayya and J. K. Ord, “Modeling demand during lead time,” Decision Sciences, 15, 157–176 (1984).10.1111/deci.1984.15.issue-2
  • Balkhi, Z. T. and L. Benkherouf, “On an inventory model for deteriorating items with stock dependent and time-varying demand rate,” Computers & Operations Research, 31, 223–240 (2004).
  • Balkhi, Z. T. and L. Tadj, “A generalized economic order quantity model with deteriorating items and time varying demand, deterioration, and costs,” International Transactions in Operational Research, 15, 509–517 (2008).10.1111/j.1475-3995.2008.00639.x
  • Bartezzaghi, E., R. Verganti and G. Zotteri, “Measuring the impact of asymmetrical demand distribution on inventories,” International Journal of Production Economics, 60–61, 395–404 (1999).10.1016/S0925-5273(98)00193-5
  • Benavides, D., L. Dule, M. Amram and N. Kulatilaka, Real Options: Managing Strategic Investment in an Uncertain World, Harvard Business Press, Boston, MA (1999).
  • Chang, H. J. and C. Y. Dye, “An EOQ model for deteriorating items with time vary demand and partial backlogging,” Journal of the Operational Research Society, 50, 1176–1182 (1999).10.1057/palgrave.jors.2600801
  • Chen, L. H. and C. Y. Chen, “A newsboy problem with a simple reservation arrangement,” Computers & Industrial Engineering, 56, 157–160 (2009).
  • Chen, L. H. and C. Y. Chen, “A newsboy problem considering reservation policy with fuzzy demand,” International Journal of Innovative Computing, Information and Control, 6, 4937–4956 (2010).
  • Chen, L. H. and C. Y. Chen, “A multiple-item budget-constraint newsboy problem with a reservation policy,” Omega, 38, 431–439 (2010).10.1016/j.omega.2009.10.007
  • Chun, Y. H., “Optimal pricing and ordering policies for perishable commodities,” European Journal of Operational Research, 144, 68–82 (2003).10.1016/S0377-2217(01)00351-4
  • Dana, J. D. Jr, “Advance-purchase discounts and price discrimination in competitive markets,” Journal of Political Economy, 106, 395–422 (1998).10.1086/250014
  • Gallego, G. and G. V. Ryzin, “Optimal dynamic pricing of inventories with stochastic demand over finite horizons,” Management Science, 40, 999–1020 (1994).10.1287/mnsc.40.8.999
  • Goyal, S. K. and B. C. Giri, “Recent trends in modeling of deteriorating inventory,” European Journal of Operational Research, 134, 1–16 (2001).10.1016/S0377-2217(00)00248-4
  • Gupta, D., A. V. Hill and T. Bouzdine-Chameeva, “A pricing model for clearing end-of-season retail inventory,” European Journal of Operational Research, 170, 518–540 (2006).10.1016/j.ejor.2004.07.048
  • Hollier, R. H. and K. L. Mak, “Inventory replenishment policies for deteriorating items in a declining market,” International Journal of Production Research, 21, 813–836 (1983).10.1080/00207548308942414
  • Hou, K. L. and L. C. Lin, “An EOQ model for deteriorating items with price- and stock-dependent selling rates under inflation and time value of money,” International Journal of Systems Science, 37, 1131–1139 (2006).10.1080/00207720601014206
  • Huang, M. G., P. L. Chang and Y. C. Chou, “Demand forecasting and smoothing capacity planning for products with high random demand volatility,” International Journal of Production Research, 46, 3223–3239 (2008).10.1080/00207540601094457
  • Kao, C. and W. K. Hsu, “A single-period inventory model with fuzzy demand,” Computers and Mathematics with Applications, 43, 841–848 (2002).10.1016/S0898-1221(01)00325-X
  • Khouja, M., “The single-period (news-vendor) problem: Literature review and suggestions for future research,” Omega, 27, 537–553 (1999).10.1016/S0305-0483(99)00017-1
  • Lau, A. H. L. and H. S. Lau, “The newsboy problem with price-dependent demand distribution,” IIE Transactions, 20, 168–175 (1988).10.1080/07408178808966166
  • Lee, K. S. and I. C. L. Ng, “Advanced sale of service capacities: A theoretical analysis of the impact of price sensitivity on pricing and capacity allocation,” Journal of Business Research, 54, 219–225 (2001).10.1016/S0148-2963(00)00119-3
  • Li, J., H. S. Lau and A. H. L. Lau, “Two-product newsboy problem with satisfying objective and independent exponential demands,” IIE Transactions, 23, 29–39 (1991).10.1080/07408179108963839
  • Mantrala, M. K. and K. Raman, “Demand uncertainty and supplier’s returns policies for a multi-store style-good retailer,” European Journal of Operational Research, 115, 270–284 (1999).10.1016/S0377-2217(98)00302-6
  • Petruzzi, N. C. and M. Dada, “Pricing and newsvendor problem: A review with extension,” Operations Research, 47, 183–194 (1999).10.1287/opre.47.2.183
  • Polatoglu, L. H., “Optimal order quantity and pricing decisions in single-period inventory systems,” International Journal of Production Economics, 23, 175–185 (1991).10.1016/0925-5273(91)90060-7
  • Shugan, S. M. and J. Xie, “Advance pricing of services and other implications of separating purchase and consumption,” Journal of Service Research, 2, 227–239 (2000).10.1177/109467050023001
  • Silver, E. A., D. F. Pycke and R. Peterson, Inventory Management and Production Planning and Scheduling, John Wiley, New York, NY (1998).
  • Weatherford, L. R. and P. E. Pfeifer, “The economic value of using advance booking of orders,” Omega, 22, 105–111 (1994).10.1016/0305-0483(94)90011-6
  • Wee, H. M. and S. T. Law, “Replenishment and pricing policy for deteriorating items taking account into the time value of money,” International Journal of Production Economics, 71, 213–220 (2001).10.1016/S0925-5273(00)00121-3
  • You, P. S., “Dynamic pricing of inventory with cancellation demand,” Journal of the Operational Research Society, 54, 1093–1101 (2003).10.1057/palgrave.jors.2601619
  • You, P. S., “Ordering and pricing of service products in an advance sales system with price-dependent demand,” European Journal of Operational Research, 170, 57–71 (2006).10.1016/j.ejor.2004.05.032
  • You, P. S. and T. C. Chen, “Dynamic pricing of seasonal goods with spot and forward purchase demands,” Computers and Mathematics with Applications, 54, 490–498 (2007).10.1016/j.camwa.2007.01.026

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.