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Dynamic revenue and inventory management models
Descriptive
TitleInfo
Title
Dynamic revenue and inventory management models
Name
(type = personal)
NamePart
(type = family)
Liu
NamePart
(type = given)
Yifeng
NamePart
(type = date)
1985-
DisplayForm
Yifeng Liu
Role
RoleTerm
(authority = RULIB)
author
Name
(type = personal)
NamePart
(type = family)
Yang
NamePart
(type = given)
Jian
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Jian Yang
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
chair
Name
(type = personal)
NamePart
(type = family)
Katehakis
NamePart
(type = given)
Michael
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Michael Katehakis
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = personal)
NamePart
(type = family)
Ruszczynski
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(type = given)
Andrzej
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Andrzej Ruszczynski
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = personal)
NamePart
(type = family)
Xiong
NamePart
(type = given)
Hui
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Hui Xiong
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
internal member
Name
(type = personal)
NamePart
(type = family)
Feinberg
NamePart
(type = given)
Eugene
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Eugene Feinberg
Affiliation
Advisory Committee
Role
RoleTerm
(authority = RULIB)
outside member
Name
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NamePart
Rutgers University
Role
RoleTerm
(authority = RULIB)
degree grantor
Name
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NamePart
Graduate School - Newark
Role
RoleTerm
(authority = RULIB)
school
TypeOfResource
Text
Genre
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theses
OriginInfo
DateCreated
(qualifier = exact)
2014
DateOther
(qualifier = exact);
(type = degree)
2014-05
Place
PlaceTerm
(type = code)
xx
Language
LanguageTerm
(authority = ISO639-2b);
(type = code)
eng
Abstract
(type = abstract)
Effective pricing and inventory controls are very important for the success of a company, especially in an environment with many uncertainties such as random demand and fluctuating cost. In this work, we first consider pure dynamic pricing. Indeed, we consider three cases: markup in which price can only go up, markdown in which price can only go down, and reversible pricing in which price can go either direction. We also consider a joint pricing and inventory control model in which the raw material price evolves as a Markov process. For this model, we suppose production is make-to-order, so that the conversion from raw material to finished product is carried out only when demand arrives. For the pure pricing model, we establish the optimality of threshold-like policies. We also develop efficient and numerically stable algorithms. For the make-to-order joint inventory-pricing model, we demonstrate the optimality of a base-stock-list-price policy. In addition, we identify conditions under which policy parameters would exhibit monotone trends. Moreover, we showed the significant benefit of adopting cost-dependent base-stock list-price policy.
Subject
(authority = RUETD)
Topic
Management
RelatedItem
(type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier
(type = RULIB)
ETD
Identifier
ETD_5596
PhysicalDescription
Form
(authority = gmd)
electronic resource
InternetMediaType
application/pdf
InternetMediaType
text/xml
Extent
vi, 127 p .: ill.
Note
(type = degree)
Ph.D.
Note
(type = bibliography)
Includes bibliographical references
Note
(type = vita)
Includes vita
Note
(type = statement of responsibility)
by Yifeng Liu
Subject
(authority = ETD-LCSH)
Topic
Revenue management
Subject
(authority = ETD-LCSH)
Topic
Inventory control
RelatedItem
(type = host)
TitleInfo
Title
Graduate School - Newark Electronic Theses and Dissertations
Identifier
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rucore10002600001
Location
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(displayLabel = Rutgers, The State University of New Jersey)
NjNbRU
Identifier
(type = doi)
doi:10.7282/T38C9TJW
Genre
(authority = ExL-Esploro)
ETD doctoral
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Rights
RightsDeclaration
(ID = rulibRdec0006)
The author owns the copyright to this work.
RightsHolder
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Name
FamilyName
Liu
GivenName
Yifeng
Role
Copyright Holder
RightsEvent
Type
Permission or license
DateTime
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(qualifier = exact);
(point = start)
2014-04-28 22:34:42
AssociatedEntity
Name
Yifeng Liu
Role
Copyright holder
Affiliation
Rutgers University. Graduate School - Newark
AssociatedObject
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
Copyright
Status
Copyright protected
Availability
Status
Open
Reason
Permission or license
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Technical
RULTechMD
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ContentModel
ETD
OperatingSystem
(VERSION = 5.1)
windows xp
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