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Author:Kim, D.
Lee, P.
Title:Optimal joint pricing and lot sizing with fixed and variable capacity
Journal:European Journal of Operational Research
1998 : AUG 16, VOL. 109:1, p. 212-227
Index terms:MANUFACTURING
MARKETING
GEOMETRIC PROGRAMMING
Language:eng
Abstract: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. The authors apply geometric programming to these constrained nonlinear maximization problems with nonconcave objective functions and obtain global optimal solutions.
SCIMA record nr: 179955
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