Optimizing Pricing and Inventory Strategies for Dietary Supplement Production Under Stochastic Demand

• Main Authors: Zhao, Yaping, Luo, Hao, Chen, Qingyue, Xu, Xiaoyun
• Format: text
• Published: Archīum Ateneo 2023
• Subjects: Base-stock policy; Dietary supplement; Prioritized fulfillment; Stochastic demand; Business; Business Administration, Management, and Operations
• Online Access: https://archium.ateneo.edu/gsb-pubs/81; https://doi.org/10.1108/IMDS-11-2022-0723
• Institution: Ateneo De Manila University

Purpose The increasing popularity of ERP solutions has provided dietary supplement manufacturing companies with modules to manage pricing and inventory. However, the decisions made by these modules are often independent and rely on deterministic forecasts. This paper studies a multi-product dietary...