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A note on a multi-period profit maximizing model for retail supply chain management

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Author Info
Heuvel, W. van den
Wagelmans, A.P.M. (Erasmus Research Institute of Management (ERIM), RSM Erasmus University)

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Abstract

In this note we present an efficient exact algorithm to solve the joint pricing and inventory problem for which Bhattacharjee and Ramesh (2000) proposed two heuristics. Our algorithm appears to be superior also in terms of computation time. Furthermore, we point out several mistakes in the paper by Bhattacharjee and Ramesh.

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File URL: http://hdl.handle.net/1765/991
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Publisher Info
Paper provided by Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam. in its series Research Paper with number ERS-2003-072-LIS Revision_Date: 2009-07-29.

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Date of creation: 27 Oct 2003
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Handle: RePEc:dgr:eureri:30001103

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Related research
Keywords: inventory; pricing; dynamic programming;

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  1. Bhattacharjee, Sudip & Ramesh, R., 2000. "A multi-period profit maximizing model for retail supply chain management: An integration of demand and supply-side mechanisms," European Journal of Operational Research, Elsevier, vol. 122(3), pages 584-601, May. [Downloadable!] (restricted)
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