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Author(s):  
Vibhati Burman ◽  
Rajesh Kumar Vashishtha ◽  
Srividhya Sethuraman ◽  
Ganesh Radhakrishnan ◽  
Prashanth Ganesan ◽  
...  
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2021 ◽  
Author(s):  
Su Jia ◽  
Andrew Li ◽  
R. Ravi
Keyword(s):  




2020 ◽  
Vol 37 (01) ◽  
pp. 1950037
Author(s):  
Vincent C. Li ◽  
Yat-wah Wan ◽  
Chi-Leung Chu ◽  
Yi-Cheng Lin

The manager is responsible for the operations of a distribution center (DC) and multiple retail outlets selling a seasonal product. Initially, the DC keeps the inventory, which is allocated to the outlets in the season. There are inventory holding costs at the DC and the outlets; variable shipment cost for transferring inventory from the DC; fixed ordering cost and shortage cost at an outlet. Exact demand at each outlet is a decreasing function of price. To maximize the expected profit of the season, the manager needs to determine the markdown prices for retail outlets and quantity of inventory allocated to them. The problem can be modeled as a dynamic program (DP) which takes too heavy computational effort to solve. We develop a DP-based heuristic for solving the problem. The heuristic takes light computational effort and yet has good accuracy. Insights streamlining the markdown operations are deduced from the numerical results.



2020 ◽  
Author(s):  
Rim Hariss ◽  
Georgia Perakis ◽  
Wichinpong Sinchaisri ◽  
Yanchong Zheng


2018 ◽  
Vol 56 (18) ◽  
pp. 5982-5996 ◽  
Author(s):  
Haijun Wang ◽  
Shanling Li ◽  
Jianwen Luo




2017 ◽  
Vol 112 ◽  
pp. 1562-1569 ◽  
Author(s):  
Sijie Li ◽  
Lingzhi Shao ◽  
Haiyan You


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