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Author: | Webster, S. |
Title: | Dynamic pricing and lead-time policies for make-to-order systems |
Journal: | Decision Sciences
2002 : FALL, VOL. 33.4, p. 579-599 |
Index terms: | Market conditions Pricing Supply chain management |
Language: | eng |
Abstract: | Make-to-order companies use different approaches for managing their lead-times and pricing in the face of changing market conditions. A simple model of a make-to-order company is studied and policies for adjusting price and capacity in response to periodic and unpredictable shifts in how the market values price and lead-time are examined. |
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