Integrating Pricing and Inventory Control: Is it Worth the Effort?

@article{GimplHeersink2008IntegratingPA,
  title={Integrating Pricing and Inventory Control: Is it Worth the Effort?},
  author={Lisa Gimpl-Heersink and Christian Rudloff and Moritz Fleischmann and Alfred Taudes},
  journal={Business Research},
  year={2008},
  volume={1},
  pages={106-123}
}
In this paper we first show that the gains achievable by integrating pricing and inventory control are usually small for classical demand functions. We then introduce reference price models and demonstrate that for this class of demand functions the benefits of integration with inventory control are substantially increased due to the price dynamics. We also provide some analytical results for this more complex model. We thus conclude that integrated pricing/inventory models could repeat the… CONTINUE READING

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