(An) optimal pricing and inventory control for a commodity with price and sales-period dependent demand pattern = 할인 시점과 가격에 따라 변하는 수요를 고려한 최적 재고 및 가격 정책

Cited 0 time in webofscience Cited 0 time in scopus
  • Hit : 275
  • Download : 0
This thesis deals with an integrated problem of inventory control and dynamic pricing strategies for a commodity with price and sales-period dependent demand pattern, where a seller and customers have complete information of each other. The problem consists of two parts; one is each buyer’s benefit problem which makes the best decision on price and time for buyer to purchase items, and the other one is a seller’s profit problem which decides an optimal sales strategy concerned with inventory control and discount schedule. The seller’s profit function consists of sales revenue and inventory holding cost functions. The two parts are closely related into each other with some related variables, so that any existing general solution methods can not be applied. Therefore, a simplified model with single seller and two customers in considered first, where demand for multiple units is allowed to each customer within a time limit. Therewith, the model is generalized for a n-customer-classes problem. To solve the proposed n-customer-set problem, a dynamic programming algorithm is derived. In the proposed dynamic programming algorithm, an intermediate profit function is used, which is computed in case of a fixed initial inventory level and then adjusted in searching for an optimal inventory level. This leads to an optimal sales strategy for a seller, which can derive an optimal decision on both an initial inventory level and a discount schedule, in $O(n^2 )$ time. This result can be used for some extended problems with a small customer set and a short selling period, including sales strategy for department stores, Dutch auction for items with heavy holding cost, open tender of materials, quantity-limited sales, and cooperative buying in the on/off markets.
Advisors
Sung, Chang-Supresearcher성창섭researcher
Description
한국과학기술원 : 산업공학과,
Publisher
한국과학기술원
Issue Date
2005
Identifier
243613/325007  / 020033366
Language
eng
Description

학위논문(석사) - 한국과학기술원 : 산업공학과, 2005.2, [ iii, 38 p. ]

Keywords

semiconductor fabrication information structureion of g-Hydroxy-cis-Alkenesumina on; SCMlot pegging; Pricing; Inventory; the flow analysis of 100W-stack; 정보 구조 ?입체선택적인 요오드고리화 반응에 관한 연구?발광 물질; 진동수준형; 총 납기 지연; 공급망관리더-랏; 가격정책; semiconductor fabrication information structureion of g-Hydroxy-cis-Alkenesumina on; SCMlot pegging; Pricing; Inventory; the flow analysis of 100W-stack; 정보 구조 ?입체선택적인 요오드고리화 반응에 관한 연구?발광 물질; 진동수준형; 총 납기 지연; 공급망관리더-랏; 가격정책

URI
http://hdl.handle.net/10203/40706
Link
http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=243613&flag=dissertation
Appears in Collection
IE-Theses_Master(석사논문)
Files in This Item
There are no files associated with this item.

qr_code

  • mendeley

    citeulike


rss_1.0 rss_2.0 atom_1.0