Requirements planning with pricing and order selection flexibility

Requirements planning with pricing and order selection flexibility

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Article ID: iaor2008692
Country: United States
Volume: 54
Issue: 2
Start Page Number: 394
End Page Number: 401
Publication Date: Mar 2006
Journal: Operations Research
Authors: , ,
Keywords: inventory, scheduling, programming: integer
Abstract:

Past requirements-planning research has typically assumed that the firm's demands are determined prior to production planning. In contrast, we explore a single-stage planning model that implicitly decides, through pricing decisions, the demand levels the firm should satisfy in order to maximize contribution to profit. We briefly discuss solution methods and properties for these problems when production capacities are unlimited. The key result of this work is a polynomial-time solution approach to the problem under time-invariant finite production capacities and piecewise-Iinear and concave revenue functions in price.

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