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

Wilco van den Heuvel and Albert Wagelmans

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

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. Our algorithm appears to be superior also in terms of computation time. Furthermore, we point out several mistakes in the paper by Bhattacharjee and Ramesh.

Keywords: dynamic programming; inventory; pricing (search for similar items in EconPapers)
JEL-codes: L11 M M11 R4 (search for similar items in EconPapers)
Date: 2003-10-27
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Journal Article: A note on “A multi-period profit maximizing model for retail supply chain management” (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:ems:eureri:991

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