Requirements Planning with Pricing and Order Selection Flexibility

Joseph Geunes (), H. Edwin Romeijn () and Kevin Taaffe ()
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Joseph Geunes: Department of Industrial and Systems Engineering, University of Florida, Gainesville, Florida 32611-6595
H. Edwin Romeijn: Department of Industrial and Systems Engineering, University of Florida, Gainesville, Florida 32611-6595
Kevin Taaffe: Department of Industrial Engineering, Clemson University, Clemson, South Carolina 29634-0920

Operations Research, 2006, vol. 54, issue 2, 394-401

Abstract: Past requirements-planning research has typically assumed that the firm’s demands are determined prior to production planning. In contrast, we explore a single-stage planning model that implicitly decides, through pricing decisions, the demand levels the firm should satisfy in order to maximize contribution to profit. We briefly discuss solution methods and properties for these problems when production capacities are unlimited. The key result of this work is a polynomial-time solution approach to the problem under time-invariant finite production capacities and piecewise-linear and concave revenue functions in price.

Keywords: production/scheduling; planning; inventory/production; policies; marketing/pricing; programming; integer; applications (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (19)

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