Optimal pricing and inventory policy with order cancelations under the cash-on-delivery payment scheme

被引：0
|
作者：
Jie Zhang
Baozhuang Niu
Jianbin Li
机构：
[1] Guangdong University of Finance and Economics,School of Business Administration
[2] Sun Yat-sen University,Lingnan College
[3] Huazhong University of Science and Technology,School of Management
来源：
Journal of Systems Science and Complexity | 2014年 / 27卷
关键词：
Cash-on-delivery; customer behavior; dynamic programming; joint price and inventory decisions;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
Considering a periodic review system where the online seller allows the customers to pay when the products are delivered to them (referred as cash-on-delivery payment scheme in this paper), the authors investigate the seller’s joint pricing and inventory control policy with a finite planning horizon. In particular, the authors incorporate the customers’ possible order cancellation behavior with the cash-on-delivery scheme. It can be proven that the base-stock list price policy is optimal under mild conditions. The authors also analyze the impact of the customers’ forward looking behavior on the optimal policy.
引用
收藏
页码：970 / 992
页数：22
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