Optimal firm's policy under lead time-and price-dependent demand: interest of customers rejection policy

Abduh Sayid (), Yannick Frein () and Ramzi Hammami ()
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Abduh Sayid: G-SCOP_GCSP - Gestion et Conduite des Systèmes de Production - G-SCOP - Laboratoire des sciences pour la conception, l'optimisation et la production - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]
Yannick Frein: G-SCOP_GCSP - Gestion et Conduite des Systèmes de Production - G-SCOP - Laboratoire des sciences pour la conception, l'optimisation et la production - Grenoble INP - Institut polytechnique de Grenoble - Grenoble Institute of Technology - CNRS - Centre National de la Recherche Scientifique - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]
Ramzi Hammami: ESC [Rennes] - ESC Rennes School of Business

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Abstract: Considering a lead-time-and price-sensitive demand, we investigate whether a client rejection policy, modeled as M/M/1/K system, can be more profitable than an all-client acceptance policy, modeled as M/M/1 system. We provide analytical insights for the cases with and without holding and penalty costs by comparing M/M/1/1 to M/M/1 models.

Keywords: Pricing; M/M/1/K; Lead-time quotation (search for similar items in EconPapers)
Date: 2016-05-06
Note: View the original document on HAL open archive server: https://hal.univ-grenoble-alpes.fr/hal-01576828v1
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Published in POMS 27th Annual Conference, May 2016, Orlando, Florida, United States

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