M. S. Moghadam, I. N. Kamalabadi, Bahareh Karbasian
{"title":"Joint Pricing and Inventory Control Modeling for Obsolescent Products: a Case Study of Telecom Industry","authors":"M. S. Moghadam, I. N. Kamalabadi, Bahareh Karbasian","doi":"10.1504/IJADS.2019.10020867","DOIUrl":null,"url":null,"abstract":"The current pricing context calls for better, faster and more precise pricing decision makings than ever before. These in turn, oblige companies to take a new stance with respect to the role of pricing in today's overwhelming and complex marketing context. Similarly, decisions related to inventory control and types of goods are strongly linked to pricing as well. The aim of this paper is to present a mathematical programming model for joint inventory control and pricing for the bundling of obsolescent items. To this end, a mathematical programming model was developed following a comprehensive review of the literature in this area. The validity of the proposed model was then tested in the telecommunications industry as a case study. According to the obtained results, the proposed model had a fairly good validity.","PeriodicalId":39414,"journal":{"name":"International Journal of Applied Decision Sciences","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2019-05-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Applied Decision Sciences","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1504/IJADS.2019.10020867","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Economics, Econometrics and Finance","Score":null,"Total":0}
引用次数: 0
Abstract
The current pricing context calls for better, faster and more precise pricing decision makings than ever before. These in turn, oblige companies to take a new stance with respect to the role of pricing in today's overwhelming and complex marketing context. Similarly, decisions related to inventory control and types of goods are strongly linked to pricing as well. The aim of this paper is to present a mathematical programming model for joint inventory control and pricing for the bundling of obsolescent items. To this end, a mathematical programming model was developed following a comprehensive review of the literature in this area. The validity of the proposed model was then tested in the telecommunications industry as a case study. According to the obtained results, the proposed model had a fairly good validity.
期刊介绍：
IJADS is a double-blind refereed international journal whose focus is to promote the infusion of the functional and behavioural areas of business with the concepts and methodologies of the decision sciences and information systems. IJADS distinguishes itself as a business journal with an explicit focus on modelling and applied decision-making. The thrust of IJADS is to provide practical guidance to decision makers and practicing managers by publishing papers that bridge the gap between theory and practice of decision sciences and information systems in business, industry, government and academia. Papers published in the journal must contain some link to practice through realistically detailed examples or real applications.
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