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Dynamic Pricing and Inventory Control - No Backorders under Uncertainty and Competition [Paperback]

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Item Number 218502  
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Item description for Dynamic Pricing and Inventory Control - No Backorders under Uncertainty and Competition by Elodie Adida...

Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier's best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering.



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Item Specifications...


Pages   288
Est. Packaging Dimensions:   Length: 9.45" Width: 6.69" Height: 0.63"
Weight:   1.1 lbs.
Binding  Softcover
Release Date   Jul 24, 2007
Publisher   VDM Verlag Dr. Mueller e.K.
ISBN  3836421437  
ISBN13  9783836421430  


Availability  117 units.
Availability accurate as of Mar 28, 2017 01:57.
Usually ships within one to two business days from La Vergne, TN.
Orders shipping to an address other than a confirmed Credit Card / Paypal Billing address may incur and additional processing delay.


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Product Categories

1Books > Subjects > Business & Investing > General
2Books > Subjects > Business & Investing > Management & Leadership > Pricing
3Books > Subjects > Business & Investing > Personal Finance > Budgeting
4Books > Subjects > Business & Investing > Personal Finance > General



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