DocumentCode :
2226631
Title :
A study of markdown policy in Aggregate Production Planning environment by developing a APP-MP model
Author :
Chung, William ; Zhu, Wenyun
Author_Institution :
Dept. of Manage. Sci., City Univ. of Hong Kong, Hong Kong, China
fYear :
2008
fDate :
8-11 Dec. 2008
Firstpage :
1133
Lastpage :
1137
Abstract :
It is believed that the information sharing and cooperation between the retailer and the manufacturer become important now for improving their performance. This paper is to study the significance of the cooperation between the mark down policy and the aggregate planning so as to simulate the cooperation between retailers and manufacturers by a new model, Aggregate Production Planning-Mark down Pricing Model (APP-MP) which is established by integrating the mark down model into Aggregate Production Planning model. The APP-MP is a nonlinear integer programming model which is able to help the retailer and the manufacturer simultaneously make the pricing decisions, including the magnitude and time of mark down, and operational decisions so that greater profits could be obtained. The example solution shows that the cooperation definitely increases the profits. This paper¿s result also implies that, instead of holding the belief ¿selling more and earning more¿, the retailer could cooperate with manufacturer to plan the production and earns more.
Keywords :
integer programming; nonlinear programming; pricing; production planning; aggregate production planning; information sharing; markdown policy; markdown pricing model; nonlinear integer programming; pricing decisions; Aggregates; Capacity planning; Environmental management; Inventory management; Linear programming; Pricing; Production planning; Pulp manufacturing; Subcontracting; Virtual manufacturing; Aggregate Production Planning; Cooperation; Markdown Policy;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Industrial Engineering and Engineering Management, 2008. IEEM 2008. IEEE International Conference on
Conference_Location :
Singapore
Print_ISBN :
978-1-4244-2629-4
Electronic_ISBN :
978-1-4244-2630-0
Type :
conf
DOI :
10.1109/IEEM.2008.4738047
Filename :
4738047
Link To Document :
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