A note on a multi-period profit maximizing model for retail supply chain management
2003-10-27
Research Paper
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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
Classifications using
Journal of Economic Literature (JEL) Classification System
- L11 : Production, Pricing, and Market Structure; Size Distribution of Firms
- M : Business Administration and Business Economics; Marketing; Accounting
- R4 : Transportation Systems
- M11 : Production Management
Automatically Extracted Terms
- period
- problem
- ramesh
- bhattacharjee
- algorithm
- price
- management
- profit
- model
- demand
- profit function
- inventory
- pricing
- heuristic
- function
- thoma
- subplan
- research
- method
- business
