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| Author: | You, P-S. |
| Title: | Dynamic rationing policies for product with incremental upgrading demands |
| Journal: | European Journal of Operational Research
2003 : JAN 1, VOL. 144:1, p. 128-137 |
| Index terms: | Decision analysis Perishable goods Rationing |
| Language: | eng |
| Abstract: | In environment in which several distinct classes of demand exist for a fixed number of a perishable product and backlogging is not allowed, the total sales revenue depends on the sales number for each demand-class. In such environments it is important to establish a rationing policy that provides decision rules for accepting or denying individual requests during the entire planning period. Thus, a dynamic rationing policy is proposed to meet the situation wherein a significant number of rejected customers are expected to sequentially request the next higher-fare demand-class. |
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