Inventory rationing and markdown strategy in the presence of lead-time sensitive customers

Yangyang Xie; Xiaoying Liang; Lijun Ma; Houmin Yan

doi:10.1016/j.orl.2016.05.008

Author(s)

Yangyang Xie
Xiaoying Liang
Lijun Ma
Houmin Yan

Related Research Unit(s)

Detail(s)

Original language	English
Pages (from-to)	525-531
Journal / Publication	Operations Research Letters
Volume	44
Issue number	4
Online published	4 Jun 2016
Publication status	Published - Jul 2016

Link(s)

DOI	DOI https://doi.org/10.1016/j.orl.2016.05.008 Final Published version
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Link to Scopus	https://www.scopus.com/record/display.uri?eid=2-s2.0-84975066546&origin=recordpage
Permanent Link	https://scholars.cityu.edu.hk/en/publications/publication(d5859793-18e7-47ca-a335-3bf09664d3e4).html

Abstract

Appropriate customer segmentation, together with tailor-made strategies which dynamically change prices for customers, helps firms allocate resources more effectively. We incorporate markdown tools into the inventory-rationing model with customers segmented by lead-time sensitivity. We characterize the threshold-type optimal commitment policies and propose an efficient algorithm to compute the thresholds.

Research Area(s)

Dynamic programming, Inventory control, Lead-time sensitive customers, Markdown strategy

Citation Format(s)

[ RIS ] [ BibTeX ]

Inventory rationing and markdown strategy in the presence of lead-time sensitive customers. / Xie, Yangyang; Liang, Xiaoying; Ma, Lijun et al.

In: Operations Research Letters, Vol. 44, No. 4, 07.2016, p. 525-531.

Research output: Journal Publications and Reviews (RGC: 21, 22, 62) › 21_Publication in refereed journal › peer-review

Xie, Y, Liang, X, Ma, L & Yan, H 2016, 'Inventory rationing and markdown strategy in the presence of lead-time sensitive customers', Operations Research Letters, vol. 44, no. 4, pp. 525-531. https://doi.org/10.1016/j.orl.2016.05.008

Xie, Y., Liang, X., Ma, L., & Yan, H. (2016). Inventory rationing and markdown strategy in the presence of lead-time sensitive customers. Operations Research Letters, 44(4), 525-531. https://doi.org/10.1016/j.orl.2016.05.008

Xie Y, Liang X, Ma L, Yan H. Inventory rationing and markdown strategy in the presence of lead-time sensitive customers. Operations Research Letters. 2016 Jul;44(4):525-531. Epub 2016 Jun 4. doi: 10.1016/j.orl.2016.05.008

Xie, Yangyang ; Liang, Xiaoying ; Ma, Lijun et al. / Inventory rationing and markdown strategy in the presence of lead-time sensitive customers. In: Operations Research Letters. 2016 ; Vol. 44, No. 4. pp. 525-531.