Article ID: | iaor19921644 |
Country: | Netherlands |
Volume: | 10 |
Issue: | 9 |
Start Page Number: | 513 |
End Page Number: | 518 |
Publication Date: | Dec 1991 |
Journal: | Operations Research Letters |
Authors: | Martin G.E. |
Keywords: | financial |
In this paper a model is presented for jointly optimizing the replenishment interval and retailer’s and consumer’s discounted prices for a perishable good, such that both wholesaler and retailer benefit from increased profits. An instrument of negotiation for distribution of system gains is incorporated into the model.