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Gimpl-Heersink L, Rudloff C, Fleischmann M, Taudes A (2008). Integrating Pricing and Inventory Control: Is it Worth the Effort?. BuR - Business Research, Vol. 1, Iss. 1, pp. 106-123, URN: urn:nbn:de:0009-20-13953
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%0 Journal Article %T Integrating Pricing and Inventory Control: Is it Worth the Effort? %A Gimpl-Heersink, Lisa %A Rudloff, Christian %A Fleischmann, Moritz %A Taudes, Alfred %J BuR - Business Research %D 2008 %V 1 %N 1 %@ 1866-8658 %F gimpl-heersink2008 %X 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 forthis 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. %L 330 %K Inventory Management %K Pricing %K Reference Price %K Stochastic Demand Model %U http://nbn-resolving.de/urn:nbn:de:0009-20-13953 %P 106-123
Bibtex
@Article{gimpl-heersink2008,
author = "Gimpl-Heersink, Lisa
and Rudloff, Christian
and Fleischmann, Moritz
and Taudes, Alfred",
title = "Integrating Pricing and Inventory Control: Is it Worth the Effort?",
journal = "BuR - Business Research",
year = "2008",
volume = "1",
number = "1",
pages = "106--123",
keywords = "Inventory Management",
keywords = "Pricing",
keywords = "Reference Price",
keywords = "Stochastic Demand Model",
abstract = "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 forthis 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.",
issn = "1866-8658",
url = "http://nbn-resolving.de/urn:nbn:de:0009-20-13953"
}
RIS
TY - JOUR AU - Gimpl-Heersink, Lisa AU - Rudloff, Christian AU - Fleischmann, Moritz AU - Taudes, Alfred PY - 2008// TI - Integrating Pricing and Inventory Control: Is it Worth the Effort? JO - BuR - Business Research SP - 106 EP - 123 VL - 1 IS - 1 KW - Inventory Management KW - Pricing KW - Reference Price KW - Stochastic Demand Model N2 - 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 forthis 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. SN - 1866-8658 UR - http://nbn-resolving.de/urn:nbn:de:0009-20-13953 ID - gimpl-heersink2008 ER -
Wordbib
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ISI
PT Journal AU Gimpl-Heersink, L Rudloff, C Fleischmann, M Taudes, A TI Integrating Pricing and Inventory Control: Is it Worth the Effort? SO BuR - Business Research PY 2008 BP 106 EP 123 VL 1 IS 1 DE Inventory Management; Pricing; Reference Price; Stochastic Demand Model AB 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 forthis 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. ER
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Full Metadata
| Bibliographic Citation | BuR - Business Research, Vol. 1, Iss. 1, pp. 106-123 |
|---|---|
| Title | Integrating Pricing and Inventory Control: Is it Worth the Effort? (eng) |
| Author | Lisa Gimpl-Heersink, Christian Rudloff, Moritz Fleischmann, Alfred Taudes |
| Language | eng |
| Abstract | 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. |
| Subject | Inventory Management, Pricing, Reference Price, Stochastic Demand Model |
| DDC | 330 |
| Rights | authorcontract |
| URN: | urn:nbn:de:0009-20-13953 |
