Capacity management: pricing strategy, performance and the role of information

Article Abstract:

The relationship between system performance, pricing strategy and information was analyzed using a queueing model. Two input control methods were investigated, namely, the club approach, where the expected arrival rate is controlled, and a free-entry system, where the maximum backlog is controlled. The club approach was found to cause higher prices, lower utilization and lower profit. However, it was found to be suitable under a shortage of customers, since customers are required to pre-commit. The free-entry system was found to be appropriate if customers can observe the backlog, but results in society becoming worse off as a whole.

Industrial capacity

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Optimal pricing for a target profit: case study on a veterinary diagnostic laboratory

Article Abstract:

A flexible model was developed to effectively create a pricing policy that will help a veterinary diagnostic laboratory achieve its target profit. The model takes into account a wide array of prices ranging from the break-even point to the maximum profit point. Time parameter was also considered to assess the impact of other factors such as attribute dynamics. The analysis revealed the importance of linear regression parameters in the formulation of a computer program that will determine prices and impact of a pricing change.

Research and Development in the Physical, Engineering, and Life Sciences, Veterinary Services, Veterinary Laboratories, Analysis, Return on investment, Rate of return

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A new line remedial policy for the paced lines with stochastic task times

Article Abstract:

Research was conducted to examine the impact of incompleted tasks on the line efficiency after balancing the stochastic assembly line balancing (ALB) problem. A model that permits the buffer storage between the stations to decrease the effect of incompleted tasks is proposed. The model also gives alternative solutions to decision makers if the station idle times are taken into account. It was observed that the model led to lower total expected cost and station idle time when compared to the Kottas and Lau's model.

Models, Assembly-line balancing

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