Price-demand Modeling - A Tool to Support Inventory and Production Decisions for Competing Products

Peter Schuur, Asli Sencer, Bertan Badur

Abstract

Aim of this positioning paper is to explore the existing price-demand models that have been applied in inventory and production management so far and to identify new potential structures that may have been applied in marketing research but have not been touched yet in inventory and production research. Our focus will be on dynamic pricing structures for competing products, since our exploration so far revealed that they have not been studied exhaustively in price-demand inventory literature. Specifically, we propose a price-demand-inventory model framework for optimizing joint pricing, production, inventory and transportation decisions in a supply chain with multiple products, multiple factories, and multiple markets operating in multiple periods. The factories operate in a cooperative environment where these decisions are given centrally so as to maximize the total profit. Competition between the various product types is achieved centrally by setting market specific prices for each product type in each market in each period. To support this price setting we introduce several promising price-demand structures for competing products.

References

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Paper Citation


in Harvard Style

Schuur P., Sencer A. and Badur B. (2014). Price-demand Modeling - A Tool to Support Inventory and Production Decisions for Competing Products . In Proceedings of the 3rd International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES, ISBN 978-989-758-017-8, pages 317-321. DOI: 10.5220/0004924403170321


in Bibtex Style

@conference{icores14,
author={Peter Schuur and Asli Sencer and Bertan Badur},
title={Price-demand Modeling - A Tool to Support Inventory and Production Decisions for Competing Products},
booktitle={Proceedings of the 3rd International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES,},
year={2014},
pages={317-321},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0004924403170321},
isbn={978-989-758-017-8},
}


in EndNote Style

TY - CONF
JO - Proceedings of the 3rd International Conference on Operations Research and Enterprise Systems - Volume 1: ICORES,
TI - Price-demand Modeling - A Tool to Support Inventory and Production Decisions for Competing Products
SN - 978-989-758-017-8
AU - Schuur P.
AU - Sencer A.
AU - Badur B.
PY - 2014
SP - 317
EP - 321
DO - 10.5220/0004924403170321