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The Integrated Size and Price Optimization problem

URN to cite this document: urn:nbn:de:bvb:703-opus4-8865

Title data

Kießling, Miriam ; Kurz, Sascha ; Rambau, Jörg:
The Integrated Size and Price Optimization problem.
Bayreuth , 2012

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Abstract

We present the Integrated Size and Price Optimization Problem (ISPO) for a fashion discounter with many branches. Based on a two-stage stochastic programming model with recourse, we develop an exact algorithm and a production-compliant heuristic that produces small optimality gaps. In a field study we show that a distribution of supply over branches and sizes based on ISPO solutions is significantly better than a one-stage optimization of the distribution ignoring the possibility of optimal pricing.

Further data

Item Type: Preprint, postprint
Additional notes (visible to public): msc: 90-XX; Source: erscheint in: Numerical Algebra, Control and Optimization (NACO)
Keywords: Supply Chain Management; Stochastische Optimierung; Feldversuch; Textildiscounter; Lottyp; Preisreduzierung; pre-pack
DDC Subjects: 500 Science
Institutions of the University: Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics in Economy
Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematics in Economy > Chair Mathematics in Economy - Univ.-Prof. Dr. Jörg Rambau
Faculties
Faculties > Faculty of Mathematics, Physics und Computer Science
Language: English
Originates at UBT: Yes
URN: urn:nbn:de:bvb:703-opus4-8865
Date Deposited: 25 Apr 2014 06:19
Last Modified: 28 Mar 2019 15:23
URI: https://epub.uni-bayreuth.de/id/eprint/201

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