Vendor selection with bundling

Article Abstract:

A mixed integer linear program is developed for vendor selection under product bundling. Product bundling involves the offering of discounts by vendors based on the number of items purchased. The two forms are pure and mixed bundling. Under pure bundling, the seller does not allow the purchase of individual items while mixed bundling allows the purchase of either the bundle or individual items. An application of the model and three model extensions are also presented.

Purchasing, Inventory control

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Viability for auction - based revenue in sequential markets

Article Abstract:

A study for developing a stochastic model for a high-level abstraction of a revenue management system (RMS) that helps in understanding the potential of incorporating auctions in revenue management in the presence of forecast errors associated with key parameters.

United States, Science & research, Learning models (Stochastic processes), Auctions, Revenue, Stochastic models

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