Dynamic Pricing for Multiple Class Deterministic Demand Fufillment

• Main Authors: DING, Qing, Kouvelis, Panos, Milner, Joseph M.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2007
• Subjects: Inventory allocation; discounting; multiple class; economic order quantity; Business Administration, Management, and Operations
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/969; https://doi.org/10.1080/07408170601091881
• Institution: Singapore Management University

We consider how a firm should allocate inventory to multiple customer classes that differ based on the price they pay and their willingness to incur delay in fulfillment of their demand. The problem is set in a deterministic demand, economic-order-quantity-like environment with holding, backorder, l...