Artikel
Integrating Pricing and Inventory Control: Is it Worth the Effort?
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.
- Language
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Englisch
- Bibliographic citation
-
Journal: BuR - Business Research ; ISSN: 1866-8658 ; Volume: 1 ; Year: 2008 ; Issue: 1 ; Pages: 106-123 ; Göttingen: VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research
- Classification
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Management
- Subject
-
inventory management
pricing
reference price
stochastic demand model
Lagermanagement
Preismanagement
Lagerhaltungsmodell
Operations Research
- Event
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Geistige Schöpfung
- (who)
-
Gimpl-Heersink, Lisa
Rudloff, Christian
Fleischmann, Moritz
Taudes, Alfred
- Event
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Veröffentlichung
- (who)
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VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research
- (where)
-
Göttingen
- (when)
-
2008
- DOI
-
doi:10.1007/BF03342705
- Handle
- URN
-
urn:nbn:de:0009-20-13953
- Last update
-
10.03.2025, 11:45 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Gimpl-Heersink, Lisa
- Rudloff, Christian
- Fleischmann, Moritz
- Taudes, Alfred
- VHB - Verband der Hochschullehrer für Betriebswirtschaft, German Academic Association of Business Research
Time of origin
- 2008
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