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Practice (Philosophy) --- Organization --- Production standards --- Social sciences --- Prakseologia --- Organization. --- Production standards. --- Social sciences. --- Output standards --- Standards of output --- Time production standards --- Work standards --- Industrial management --- Labor productivity --- Standardization --- Philosophy --- Behavioral sciences --- Human sciences --- Sciences, Social --- Social science --- Social studies --- Civilization --- Organisation --- Management --- czasopisma. --- Arts and Humanities
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In this work, we address the problem of simultaneously determining a pricing and inventory replenishment strategy under reference price effects. This reference price effect models the fact that consumers not only react sensitively to the current price, but also to deviations from a reference price formed on the basis of past purchases. Immediate effects of price reductions on profits have to be weighted against the resulting losses in future periods. By providing an analytical analysis and numerical simulations we study how the additional dynamics of the consumers’ willingness to pay affect an optimal pricing and inventory control model and whether a simple policy such as a base-stock-list-price policy holds in such a setting.
Production & quality control management --- Purchasing & supply management --- Analytical Analysis --- Control --- Dynamic Programming --- Effects --- Gimpl --- Heersink --- Integrated Pricing and Inventory Models --- Inventory --- Joint --- Price --- Pricing --- Reference --- Stochastic Demand Models --- under --- Management. --- Production standards. --- Purchasing --- Output standards --- Standards of output --- Time production standards --- Work standards --- Industrial management --- Labor productivity --- Standardization --- Administration --- Industrial relations --- Organization
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Government productivity --- Production standards --- Industrial efficiency --- Measurement --- Statistics. --- #SBIB:35H202 --- Output standards --- Standards of output --- Time production standards --- Work standards --- Industrial management --- Labor productivity --- Standardization --- Efficiency, Industrial --- Productivity, Government --- Capital productivity --- Production (Economic theory) --- Public administration --- Measurement&delete& --- Statistics --- Overheidsmanagement: prestatiemanagement --- Government productivity - Measurement - Statistics. --- Production standards - Measurement - Statistics. --- Industrial efficiency - Measurement - Statistics.
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