Please use this identifier to cite or link to this item:
http://dspace.mediu.edu.my:8181/xmlui/handle/1721.1/3880
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.creator | Perakis, Georgia | - |
dc.creator | Sood, Anshul | - |
dc.date | 2003-12-14T22:32:38Z | - |
dc.date | 2003-12-14T22:32:38Z | - |
dc.date | 2004-01 | - |
dc.date.accessioned | 2013-10-09T02:32:55Z | - |
dc.date.available | 2013-10-09T02:32:55Z | - |
dc.date.issued | 2013-10-09 | - |
dc.identifier | http://hdl.handle.net/1721.1/3880 | - |
dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/1721 | - |
dc.description | This paper studies the problem of multi-period pricing for perishable products in a competitive (oligopolistic) market. We study non cooperative Nash equilibrium policies for sellers. At the beginning of the time horizon, the total inventories are given and additional production is not an available option. The analysis for periodic production-review models, where production decisions can be made at the end of each period at some production cost after incurring holding or backorder costs, does not extend to this model. Using results from game theory and variational inequalities we study the existence and uniqueness of equilibrium policies. We also study convergence results for an algorithm that computes the equilibrium policies. The model in this paper can be used in a number of application areas including the airline, service and retail industries. We illustrate our results through some numerical examples. | - |
dc.description | Singapore-MIT Alliance (SMA) | - |
dc.format | 142714 bytes | - |
dc.format | application/pdf | - |
dc.language | en_US | - |
dc.relation | High Performance Computation for Engineered Systems (HPCES); | - |
dc.subject | multi-period pricing | - |
dc.subject | non cooperative Nash equilibrium policies | - |
dc.subject | game theory | - |
dc.subject | variational inequalities | - |
dc.subject | perishable products | - |
dc.title | Competitive Multi-period Pricing with Fixed Inventories | - |
dc.type | Article | - |
Appears in Collections: | MIT Items |
Files in This Item:
There are no files associated with this item.
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.