A Note on the Newsvendor Problem with Pricing

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26210%2F12%3APU99348" target="_blank" >RIV/00216305:26210/12:PU99348 - isvavai.cz</a>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

A Note on the Newsvendor Problem with Pricing

Popis výsledku v původním jazyce

The main purpose of the paper is to present a specific case of dynamic pricing for the newsvendor problem. Firstly, a short overview of the newsvendor problem is given together with references to selected literature and remarks to its applicability. Then, dynamic pricing principles are discussed together with references to a decision dependent randomness case in stochastic programming. The dynamic pricing problem deals with determination of selling prices over time for a product whose demand is random and whose supply is fixed. We approach this problem by formulating the newsvendor problem, which is introduced as a single period problem in our case. We focus on specific features of the demand function assuming a decision dependent uniform distribution.We assume that its support size linearly decreases with the increase of the price. Under such assumptions, the model has suitable computational features related to the expectation of the objective function. In addition, a possibility to

Název v anglickém jazyce

A Note on the Newsvendor Problem with Pricing

Popis výsledku anglicky

The main purpose of the paper is to present a specific case of dynamic pricing for the newsvendor problem. Firstly, a short overview of the newsvendor problem is given together with references to selected literature and remarks to its applicability. Then, dynamic pricing principles are discussed together with references to a decision dependent randomness case in stochastic programming. The dynamic pricing problem deals with determination of selling prices over time for a product whose demand is random and whose supply is fixed. We approach this problem by formulating the newsvendor problem, which is introduced as a single period problem in our case. We focus on specific features of the demand function assuming a decision dependent uniform distribution.We assume that its support size linearly decreases with the increase of the price. Under such assumptions, the model has suitable computational features related to the expectation of the objective function. In addition, a possibility to

Druh

D - Stať ve sborníku

CEP obor

BB - Aplikovaná statistika, operační výzkum

OECD FORD obor

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Projekt

<a href="/cs/project/GAP403%2F11%2F2085" target="_blank" >GAP403/11/2085: Konstrukce metod pro vícefaktorové měření komplexní podnikové výkonnosti ve vybraném odvětví.</a><br>

Návaznosti

Z - Vyzkumny zamer (s odkazem do CEZ)<br>S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

18th International Conference of Soft Computing, MENDEL 2012 (id 19255)

ISBN

978-80-214-4540-6

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

410-415

Název nakladatele

VUT

Místo vydání

Brno

Místo konání akce

Brno University of Technology

Datum konání akce

27. 6. 2012

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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