DocumentCode
3300999
Title
A Study on the Optimal Sales Policy for a Class of Non-perishable Products
Author
Wen, Xiao-Qin ; Hu, Qi-Ying
Author_Institution
Sch. of Manage., Shanghai Univ. Shanghai, Shanghai, China
fYear
2009
fDate
11-12 July 2009
Firstpage
53
Lastpage
56
Abstract
In this paper, we consider the problem of presetting the optimal batch quantities to be sold in each period for a class of non-perishable products with fixed inventory in the face of price and demand uncertainty. we develop infinite horizon models with the objective of maximizing total expected discounted revenue and discuss existence of the optimal sales policy and characterize structural properties of its.
Keywords
marketing; production management; sales management; demand uncertainty; infinite horizon models; marketing research; nonperishable products; optimal sales policy; production/inventory management; Conference management; Engineering management; Infinite horizon; Inventory management; Marketing and sales; Pricing; Production; Technology forecasting; Technology management; Uncertainty; discretionary sales; non-perishable products; optimal preset quantities of products;
fLanguage
English
Publisher
ieee
Conference_Titel
Services Science, Management and Engineering, 2009. SSME '09. IITA International Conference on
Conference_Location
Zhangjiajie
Print_ISBN
978-0-7695-3729-0
Type
conf
DOI
10.1109/SSME.2009.25
Filename
5233350
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