A note on a multi-period profit maximizing model for retail supply chain management
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.
|Keywords||dynamic programming, inventory, pricing|
van den Heuvel, W., & Wagelmans, A.P.M.. (2003). A note on a multi-period profit maximizing model for retail supply chain management (No. ERS-2003-072-LIS). Retrieved from http://hdl.handle.net/1765/991