A note on “A multi-period profit maximizing model for retail supply chain management”

Wilco van den Heuvel and Albert P.M. Wagelmans

European Journal of Operational Research, 2017, vol. 260, issue 2, 625-630

Abstract: 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: Inventory; Pricing; Dynamic programming (search for similar items in EconPapers)
Date: 2017
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Working Paper: A note on a multi-period profit maximizing model for retail supply chain management (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:260:y:2017:i:2:p:625-630

DOI: 10.1016/j.ejor.2017.01.014

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