Investigating the impacts of dynamic pricing and price-sensitive demand on an inventory system in the presence of supply disruptions

@article{Chen2010InvestigatingTI,
  title={Investigating the impacts of dynamic pricing and price-sensitive demand on an inventory system in the presence of supply disruptions},
  author={Yuerong Chen and Shengyong Wang},
  journal={Proceedings of the 2010 Winter Simulation Conference},
  year={2010},
  pages={1809-1819}
}
Supply disruptions have attracted a lot of attention due to the huge detriments they might cause. Supply disruptions have various forms, including machine breakdowns and natural disasters. As an effective marketing tool, dynamic pricing has been helping sellers enhance their profits. In addition, price-dependent demand is common in practice. This paper studies a single-product inventory system that consists of a supplier, a retailer, and customers. The supplier is subject to disruptions. The… CONTINUE READING

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