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Conference Paper: Newsvendor problem with pricing: Properties, algorithms, and simulation

TitleNewsvendor problem with pricing: Properties, algorithms, and simulation
Authors
Zhan, Roger L.Shen, Zuo Jun Max
Issue Date2005
Citation
Proceedings - Winter Simulation Conference, 2005, v. 2005, p. 1743-1748 How to Cite?
DOI: http://dx.doi.org/10.1109/WSC.2005.1574447
AbstractWhen a newsvendor faces stochastic price-sensitive demands, he/she has to make the pricing and inventory decisions before the demand is realized. In the literature, this problem is typically solved by reducing it to an optimization problem over a single variable. In contrast, we treat this problem as a nonlinear system of two variables and provide some solution properties (e.g. existence, uniqueness) of the system. We also develop an iterative algorithm and a simulation based algorithm for this problem.
Persistent Identifierhttp://hdl.handle.net/10722/296042
ISSN
0891-7736
2023 SCImago Journal Rankings: 0.272

 

DC FieldValueLanguage
dc.contributor.authorZhan, Roger L.-
dc.contributor.authorShen, Zuo Jun Max-
dc.date.accessioned2021-02-11T04:52:42Z-
dc.date.available2021-02-11T04:52:42Z-
dc.date.issued2005-
dc.identifier.citationProceedings - Winter Simulation Conference, 2005, v. 2005, p. 1743-1748-
dc.identifier.issn0891-7736-
dc.identifier.urihttp://hdl.handle.net/10722/296042-
dc.description.abstractWhen a newsvendor faces stochastic price-sensitive demands, he/she has to make the pricing and inventory decisions before the demand is realized. In the literature, this problem is typically solved by reducing it to an optimization problem over a single variable. In contrast, we treat this problem as a nonlinear system of two variables and provide some solution properties (e.g. existence, uniqueness) of the system. We also develop an iterative algorithm and a simulation based algorithm for this problem.-
dc.languageeng-
dc.relation.ispartofProceedings - Winter Simulation Conference-
dc.titleNewsvendor problem with pricing: Properties, algorithms, and simulation-
dc.typeConference_Paper-
dc.description.naturelink_to_subscribed_fulltext-
dc.identifier.doi10.1109/WSC.2005.1574447-
dc.identifier.scopuseid_2-s2.0-33846704160-
dc.identifier.volume2005-
dc.identifier.spage1743-
dc.identifier.epage1748-
dc.identifier.issnl0891-7736-

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