A note on "A multi-period profit maximizing model for retail supply chain management"
European Journal of Operational Research , Volume 260 - Issue 2 p. 625- 630
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. The algorithm is based on a method proposed by Thomas (1970) and we show additional properties which can be used to arrive at an even more efficient algorithm. Furthermore, we point out several shortcomings in the paper by Bhattacharjee and Ramesh.
|Keywords||Dynamic programming, Inventory, Pricing|
|Persistent URL||dx.doi.org/10.1016/j.ejor.2017.01.014, hdl.handle.net/1765/95811|
|Series||ERIM Top-Core Articles|
|Journal||European Journal of Operational Research|
|Organisation||Department of Econometrics|
van den Heuvel, W, & Wagelmans, A.P.M. (2017). A note on "A multi-period profit maximizing model for retail supply chain management". European Journal of Operational Research, 260(2), 625–630. doi:10.1016/j.ejor.2017.01.014