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題名 Joint inventory and pricing decisions for perishable products with two-period lifetime
作者 陳立民
Chen,Li-Ming ;Sapra, Amar
貢獻者 企管系
關鍵詞 inventory control; perishable products; dynamic pricing
日期 2013.06
上傳時間 19-Dec-2013 11:11:57 (UTC+8)
摘要 We consider a periodic review model over a finite horizon for a perishable product with fixed lifetime equal to two review periods. The excess demand in a period is backlogged. The optimal replenishment and demand management (using price) decisions for such a product depend on the relative order of consumption of fresh and old units.We obtain insights on the structure of these decisions when the order of consumption is first-in, first-out and last-in, first-out. For the FIFO system, we also obtain bounds on both the optimal replenishment quantity as well as expected demand. We compare the FIFO system to two widely analyzed inventory systems that correspond to nonperishable and one-period lifetime products to understand if demand management would modify our understanding of the relationship among the three systems. In a counterintuitive result, we find that it is more likely that bigger orders are placed in the FIFO system than for a nonperishable product when demand is managed.
關聯 Naval Research Logistics,60(5),343-366
資料類型 article
DOI http://dx.doi.org/10.1002/nav.21538
dc.contributor 企管系en_US
dc.creator (作者) 陳立民zh_TW
dc.creator (作者) Chen,Li-Ming ;Sapra, Amaren_US
dc.date (日期) 2013.06en_US
dc.date.accessioned 19-Dec-2013 11:11:57 (UTC+8)-
dc.date.available 19-Dec-2013 11:11:57 (UTC+8)-
dc.date.issued (上傳時間) 19-Dec-2013 11:11:57 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/62697-
dc.description.abstract (摘要) We consider a periodic review model over a finite horizon for a perishable product with fixed lifetime equal to two review periods. The excess demand in a period is backlogged. The optimal replenishment and demand management (using price) decisions for such a product depend on the relative order of consumption of fresh and old units.We obtain insights on the structure of these decisions when the order of consumption is first-in, first-out and last-in, first-out. For the FIFO system, we also obtain bounds on both the optimal replenishment quantity as well as expected demand. We compare the FIFO system to two widely analyzed inventory systems that correspond to nonperishable and one-period lifetime products to understand if demand management would modify our understanding of the relationship among the three systems. In a counterintuitive result, we find that it is more likely that bigger orders are placed in the FIFO system than for a nonperishable product when demand is managed.en_US
dc.format.extent 504700 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Naval Research Logistics,60(5),343-366en_US
dc.subject (關鍵詞) inventory control; perishable products; dynamic pricingen_US
dc.title (題名) Joint inventory and pricing decisions for perishable products with two-period lifetimeen_US
dc.type (資料類型) articleen
dc.identifier.doi (DOI) 10.1002/nav.21538en_US
dc.doi.uri (DOI) http://dx.doi.org/10.1002/nav.21538en_US