Note—Pricing and Inventory Control for a Perishable Product

Published Online:https://doi.org/10.1287/msom.1080.0238

References

  • Cachon G., Kök A. G. Implementation of the newsvendor model with clearance pricing: How to (and how not to) estimate a salvage value. Manufacturing Service Oper. Management (2007) 9(2):276–290LinkGoogle Scholar
  • Cachon G., Terwiesch C., Xu Y. Retail assortment planning in the presence of consumer search. Manufacturing Service Oper. Management (2005) 7(4):330–346LinkGoogle Scholar
  • Cohen M. A. Analysis of single critical number order policies in perishable inventory theory. Oper. Res. (1976) 24:723–741LinkGoogle Scholar
  • Deniz B., Scheller-Wolf A., Karaesmen I. Managing inventories of perishable goods: The effect of substitution. (2004) . Working paper, Duke University. http://faculty.fuqua.duke.edu/seminarscalendar/Scheller-WolfSeminar.pdfGoogle Scholar
  • Federgruen A., Heching A. Combined pricing and inventory control under uncertainty. Oper. Res. (1999) 47(3):454–475LinkGoogle Scholar
  • Federgruen A., Heching A. Multilocation combined pricing and inventory control. Manufacturing Service Oper. Management (2002) 4(3):274–295Google Scholar
  • Feinberg E. A. Total reward criteria. Handbook of Markov Decision Processes: Methods and Applications (2002) (Kluwer Academic Publishers, Boston) 173–207CrossrefGoogle Scholar
  • Ferguson M. E., Koenigsberg O. How should a firm manage deteriorating inventory? Production Oper. Management (2007) 16(3):306–321CrossrefGoogle Scholar
  • Fries B. E. Optimal order policy for a perishable commodity with fixed lifetime. Oper. Res. (1975) 23(1):46–61LinkGoogle Scholar
  • Monahan G. E., Petruzzi N. C., Zhao W. The dynamic pricing problem from a newsvendor's perspective. Manufacturing Service Oper. Management (2004) 6(4):73–91LinkGoogle Scholar
  • Nahmias S. A comparison of alternative approximations for ordering perishable inventory. INFOR (1975a) 13:175–184Google Scholar
  • Nahmias S. Optimal ordering plicies for perishable inventory—II. Oper. Res. (1975b) 23(4):735–749LinkGoogle Scholar
  • Nahmias S. Myopic approximations for the perishable inventory problem. Management Sci. (1976) 22(9):1002–1008LinkGoogle Scholar
  • Nahmias S. Perishable inventory theory: A review. Oper. Res. (1982) 30(4):690–708LinkGoogle Scholar
  • Nahmias S., Pierskalla W. Optimal ordering policies for a product that perishes in two periods subject to stochastic demand. Naval Res. Logist. Quart. (1973) 20:207–229CrossrefGoogle Scholar
  • Nandakumar P., Morton T. E. Near myopic heuristics for the fixed-life perishability problem. Management Sci. (1993) 39(12):1490–1498LinkGoogle Scholar
  • Petruzzi N. C., Dada M. Pricing and the newsvendor problem: A review with extensions. Oper. Res. (1999) 47(2):183–194LinkGoogle Scholar
  • Porteus E. Structured probability distributions. Foundations of Stochastic Inventory Control (2002) (Stanford University Press)133–150Google Scholar
  • Tsiros M., Heilman C. M. The effect of expiration dates and perceived risk on purchasing behavior in grocery store perishable categories. J. Marketing (2005) 69:114–129CrossrefGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.