DocumentCode
1826525
Title
A revenue management model in BTO manufacturing over an infinite horizon
Author
Li, Li ; Chen, Zhi-xiang
Author_Institution
Int. Bus. Sch., Sun Yat-Sen Univ., Guangzhou, China
fYear
2010
fDate
7-10 Dec. 2010
Firstpage
1349
Lastpage
1352
Abstract
This research examines the pricing and capacity utilization decisions facing a BTO manufacturing firm serving customers that are segmented by different lead-times. We model the firm´s operation as an M/M/1 queue and treat the demand of each segment as being linear in price. We characterize the optimal decisions and present numerical examples to validate the benefits of applying RM in BTO manufacturing and the impacts of lead-times on optimality.
Keywords
customer services; decision theory; financial management; infinite horizon; manufacturing industries; pricing; queueing theory; M/M/1 queue; build-to-order manufacturing firm; capacity utilization decision; customer service; infinite horizon; pricing; revenue management model; Industries; Lead; Manufacturing; Mathematical model; Numerical models; Pricing; Capacity planning; Delivery time; Pricing; Revenue management; queuing theory;
fLanguage
English
Publisher
ieee
Conference_Titel
Industrial Engineering and Engineering Management (IEEM), 2010 IEEE International Conference on
Conference_Location
Macao
ISSN
2157-3611
Print_ISBN
978-1-4244-8501-7
Electronic_ISBN
2157-3611
Type
conf
DOI
10.1109/IEEM.2010.5674411
Filename
5674411
Link To Document