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):	erscheint in: Numerical Algebra, Control and Optimization. Bd. 2 (Dezember 2012) Heft 4 . - S. 669-693. DOI: https://doi.org/10.3934/naco.2012.2.669 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 Mathematical Economics Faculties > Faculty of Mathematics, Physics und Computer Science > Department of Mathematics > Chair Mathematical Economics > Chair Mathematical Economics - 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:	07 Jun 2021 10:56
URI:	https://epub.uni-bayreuth.de/id/eprint/201

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