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Author Arikan, Emel. Author.

Title Single Period Inventory Control and Pricing An Empirical and Analytical Study of a Generalized Model Emel Arikan.

Imprint Frankfurt a.M. Peter Lang GmbH, Internationaler Verlag der Wissenschaften 2018, ©2011.


Location Call No. OPAC Message Status
 Axe JSTOR Open Ebooks  Electronic Book    ---  Available
Edition 1st, New ed.
Description 1 online resource.
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Series Forschungsergebnisse der Wirtschaftsuniversität Wien 43.
Free online access: JSTOR.
Thesis Thesis (Doctoral).
Contents Inventory management -- Review of the newsvendor model -- Price-taking and price-setting newsvendor model -- Empirical study -- Simulation of profits -- Analysis of the generalized model -- Elasticity of expected sales -- Optimality conditions -- Structural properties -- Numerical study.
Summary 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.
Biography Emel Arikan 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.
Note Online resource; title from title screen (viewed December 28, 2018).
Subject Pricing.
Inventory control.
Price fixing.
Prix -- Fixation.
Gestion des stocks.
BUSINESS & ECONOMICS -- Economics -- General.
Price fixing. (OCoLC)fst01076167
Inventory control. (OCoLC)fst00978066
Pricing. (OCoLC)fst01076230
Genre/Form Electronic books.
Academic theses. (OCoLC)fst01726453
Academic theses.
Thèses et écrits académiques.
Other Form: Print version: 9783631612224
ISBN 9783631753941
Standard No. 9783631753941
10.3726/b13914 doi

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