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Deterministic price-inventory management for substitutable products (RV 2005/33/DS)

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Revenue management involves the use of pricing and inventory control strategies to balance supply and demand in a revenue-maximizing manner. Although pricing and inventory control decisions are closely related, they have historically been considered in isolation both in industry and academic work. This article adds to the recent research stream on joint pricing and inventory control by investigating static deterministic optimization models for firms managing multiple products sharing multiple resources.

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en

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application/pdf

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http://flora.insead.edu/fichiersti_wp/inseadwp2005/2005-71.pdf

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Copyright INSEAD. All rights reserved