A Note on a Multi-Period Profit Maximizing Model for Retail Supply Chain Management
12 Pages Posted: 6 Nov 2003
Date Written: 27 2003, 10
In this note we present an efficient exact algorithm to solve the joint pricing and inventoryproblem for which Bhattacharjee and Ramesh (2000) proposed two heuristics. Our algorithmappears to be superior also in terms of computation time. Furthermore, we point out several mistakes in the paper by Bhattacharjee and Ramesh.
Keywords: inventory, pricing, dynamic programming
JEL Classification: M, M11, R4, L11
Suggested Citation: Suggested Citation