Dynamic Pricing and Inventory Control: No Backorders under Uncertainty and Competition

 
9783639413151: Dynamic Pricing and Inventory Control: No Backorders under Uncertainty and Competition

Revision with unchanged content. Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier's best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering.

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About the Author:

Assistant Professor in the department of Mechanical and Industrial Engineering at the University of Illinois at Chicago.PhD in Operations Research from the Massachusetts Institute of Technology.Diplôme d’Ingénieur from Ecole Centrale Paris, France.

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Adida, Elodie
ISBN 10: 3639413156 ISBN 13: 9783639413151
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Descripción Estado de conservación: New. Publisher/Verlag: AV Akademikerverlag | No Backorders under Uncertainty and Competition | Revision with unchanged content. Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier's best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering. | Format: Paperback | Language/Sprache: english | 288 pp. Nº de ref. de la librería K9783639413151

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Elodie Adida
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ISBN 10: 3639413156 ISBN 13: 9783639413151
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Descripción AV Akademikerverlag Mai 2012, 2012. Taschenbuch. Estado de conservación: Neu. Neuware - Revision with unchanged content. Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier's best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering. 288 pp. Englisch. Nº de ref. de la librería 9783639413151

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Elodie Adida
Editorial: AV Akademikerverlag Mai 2012 (2012)
ISBN 10: 3639413156 ISBN 13: 9783639413151
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Rheinberg-Buch
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Descripción AV Akademikerverlag Mai 2012, 2012. Taschenbuch. Estado de conservación: Neu. Neuware - Revision with unchanged content. Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier's best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering. 288 pp. Englisch. Nº de ref. de la librería 9783639413151

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Elodie Adida
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ISBN 10: 3639413156 ISBN 13: 9783639413151
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Descripción AV Akademikerverlag Mai 2012, 2012. Taschenbuch. Estado de conservación: Neu. This item is printed on demand - Print on Demand Neuware - Revision with unchanged content. Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier's best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering. 288 pp. Englisch. Nº de ref. de la librería 9783639413151

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Elodie Adida
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ISBN 10: 3639413156 ISBN 13: 9783639413151
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Descripción AV Akademikerverlag, 2012. Paperback. Estado de conservación: New. Aufl.. Language: English . Brand New Book. Revision with unchanged content. Recently, revenue management has become popular in many industries such as the airline, the supply chain, and the transportation industry. Decision makers realize that even small improvements in their operations can have a significant impact on their profits. Nevertheless, determining pricing and inventory optimal policies in more realistic settings may not be a tractable task. Ignoring the potential inaccuracy of parameters may lead to a solution that actually performs poorly, or even that violates some constraints. Finally, competitors impact a supplier s best strategy by influencing her demand, revenues, and field of possible actions. Taking a game theoretic approach and determining the equilibrium of the system can help understand its state in the long run. This book presents a continuous time optimal control model for studying a dynamic pricing and inventory control problem in a make-to-stock multi-product capacitated manufacturing system, in the presence of data uncertainty, and in a duopoly setting. The book is addressed to professionals in the Revenue Management and Pricing industry and researchers in Operations Research, Operations Management, and Industrial Engineering. Nº de ref. de la librería KNV9783639413151

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