Production, inventory, and pricing under cost and demand learning effects

Article Abstract:

A dynamic model was created which integrates demand learning, cost experience effects and inventory management. The model, which allows learning effects on the demand and the production side, shows that characterization of the optimal policies can be achieved without having to introduce highly specific assumptions on the functional forms. Closed-form characterization of optimal production, pricing and inventory policies can be obtained with the use of a path-synthesizing procedure.

Operations Research, Research, Inventory control, Production control, Demand (Economics)

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Price subsidies and guaranteed buys of a new technology

Article Abstract:

A study was conducted to evaluate the effects of the government's price subsidies and guaranteed buys of new technology products on consumers. The price subsidies and guaranteed buys are designed to speed up the adoption of the new technology in the society to replace an older technology. Results showed that effects on the level of the consumer price of the product and usage of the technology by private households after the government program were varied on a case to case basis.

Administration of General Economic Programs, Price Levels, Business Aid Programs NEC, Models, Technological innovations, Trade policy, Commercial policy, Subsidies, Business assistance, Wage price policy

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Retail promotions with negative brand image effects: is cooperation possible?

Article Abstract:

A cooperative promotion program can improve total channel profits, compared to a non-cooperative situation. Cooperative programs can be implemented if the level of initial brand image is small or intermediate and promotion is not very damaging to the brand image.

Retail Trade, Evaluation, Retail industry, Logistics, Business logistics, Game theory

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