On the optimality conditions of a price-setting newsvendor problem | |
Luo, Sirong1; Sethi, Suresh P.2; Shi, Ruixia3 | |
刊名 | OPERATIONS RESEARCH LETTERS |
2016-11 | |
卷号 | 44期号:6页码:697-701 |
关键词 | Inventory control Price-setting newsvendor Unimodality Elasticity |
ISSN号 | 0167-6377 |
DOI | 10.1016/j.orl.2016.08.005 |
英文摘要 | We analyze a price-setting newsvendor problem with an additive-multiplicative demand. We show that the unimodality of the newsvendor profit function holds when the underlying random term has an increasing failure rate and the demand functions satisfy certain concavity conditions. Furthermore, we show that the optimal price decreases in the order quantity. Finally, we compare our optimality conditions with those existing in the literature. (C) 2016 Elsevier B.V. All rights reserved. |
WOS研究方向 | Operations Research & Management Science |
语种 | 英语 |
出版者 | ELSEVIER SCIENCE BV |
WOS记录号 | WOS:000389167500001 |
内容类型 | 期刊论文 |
源URL | [http://10.2.47.112/handle/2XS4QKH4/1175] |
专题 | 上海财经大学 |
通讯作者 | Shi, Ruixia |
作者单位 | 1.Shanghai Univ Finance & Econ, Sch Stat & Management, Shanghai 200433, Peoples R China; 2.Univ Texas Dallas, Naveen Jindal Sch Management, Richardson, TX 75083 USA; 3.Univ San Diego, Sch Business, San Diego, CA 92110 USA |
推荐引用方式 GB/T 7714 | Luo, Sirong,Sethi, Suresh P.,Shi, Ruixia. On the optimality conditions of a price-setting newsvendor problem[J]. OPERATIONS RESEARCH LETTERS,2016,44(6):697-701. |
APA | Luo, Sirong,Sethi, Suresh P.,&Shi, Ruixia.(2016).On the optimality conditions of a price-setting newsvendor problem.OPERATIONS RESEARCH LETTERS,44(6),697-701. |
MLA | Luo, Sirong,et al."On the optimality conditions of a price-setting newsvendor problem".OPERATIONS RESEARCH LETTERS 44.6(2016):697-701. |
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