Optimal joint pricing and lot sizing with fixed and variable capacity

@article{Kim1998OptimalJP,
  title={Optimal joint pricing and lot sizing with fixed and variable capacity},
  author={Daesoo Kim and Won J. Lee},
  journal={European Journal of Operational Research},
  year={1998},
  volume={109},
  pages={212-227}
}
This paper examines previously unexplored fixed and variable capacity problems of jointly determining an item’s price and lot size for a profit-maximizing firm facing constant but price-dependent demands over a planning horizon. We apply geometric programming to these constrained nonlinear maximization problems with nonconcave objective functions and obtain… CONTINUE READING