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Details for article 50 of 111 found articles
| Title: |
Integrating Pricing and Inventory Control: Is it Worth the Effort? |
| Author: |
Lisa Gimpl-Heersink Christian Rudloff Moritz Fleischmann Alfred Taudes |
| Appeared in: |
Business research |
| Paging: | Volume 1 (2008) nr. 1 pages 106-123 |
| Year: |
2008 |
| Contents: |
In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control are substantially increased due to the price dynamics. We also provide some analytical results for this more complex model. We thus conclude that integrated pricing/inventory models could repeat the success of revenue management in practice if reference price effects are included in the demand model and the properties of this new model are better understood. |
| Publisher: |
Verband der Hochschullehrer für Betriebswirtschaft e.V. (provided by DOAJ) |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 50 of 111 found articles
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