OPTIMAL PRICING AND INVENTORY POLICY WITH ORDER CANCELATIONS UNDER THE CASH-ON-DELIVERY PAYMENT SCHEME
OPTIMAL PRICING AND INVENTORY POLICY WITH ORDER CANCELATIONS UNDER THE CASH-ON-DELIVERY PAYMENT SCHEME作者机构:School of Business AdministrationGuangdong University of Finance and Economics Lingnan CollegeSun Yat-sen University School of ManagementHuazhong University of Science and Technology
出 版 物:《Journal of Systems Science & Complexity》 (系统科学与复杂性学报(英文版))
年 卷 期:2014年第27卷第5期
页 面:970-992页
核心收录:
学科分类:0810[工学-信息与通信工程] 1205[管理学-图书情报与档案管理] 12[管理学] 0202[经济学-应用经济学] 02[经济学] 1201[管理学-管理科学与工程(可授管理学、工学学位)] 020205[经济学-产业经济学] 08[工学] 082303[工学-交通运输规划与管理] 0811[工学-控制科学与工程] 0812[工学-计算机科学与技术(可授工学、理学学位)] 0823[工学-交通运输工程]
基 金:supported by the National Natural Science Foundation of China under Grant Nos.71201175,71301032,and 71171088 Guangdong Natural Science Foundation under Grant Nos.S2011040001069 and S2012040008081 Guangdong Educational Bureau Humanity&Social Science Fund under Grant No.2013WYXM0001
主 题:Cash on delivery customer behavior dynamic programming joint price and inventory decisions
摘 要:Considering a periodic review system where the online seller allows the customers to pay when the products are delivered to them(referred as cash-on-delivery payment scheme in this paper),the authors investigate the seller s joint pricing and inventory control policy with a finite planning *** particular,the authors incorporate the customers possible order cancellation behavior with the cash-on-delivery *** can be proven that the base-stock list price policy is optimal under mild *** authors also analyze the impact of the customers forward looking behavior on the optimal policy.