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dc.contributor.authorCaccetta, Louis
dc.contributor.authorMardaneh, Elham
dc.date.accessioned2017-01-30T11:54:11Z
dc.date.available2017-01-30T11:54:11Z
dc.date.created2015-03-03T20:17:29Z
dc.date.issued2010
dc.identifier.citationCaccetta, L. and Mardaneh, E. 2010. Joint Pricing and Production Planning for Fixed Priced Multiple Products with Backorders. Journal of Industrial and management optimization. 6 (1): pp. 123-147.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/16148
dc.identifier.doi10.3934/jimo.2010.6.123
dc.description.abstract

In this paper, we present a multiperiod model for production planning in a make-to-stock manufacturing system with constant pricing. We consider a multiproduct capacitated setting and introduce a demand-based model where the demand is a function of the price. There is an assumption that the production setup costs are negligible. A key part of the model is that backorders are allowed. As a result of this, the problem becomes a nonlinear programming problem with the nonlinearities in both the objective function and some constraints. We develop an algorithm that computes the global optimal production and pricing policy on a finite time horizon. We illustrate the application of the algorithm through a detailed numerical example.

dc.publisherAmerican Institute of Mathematical Sciences
dc.titleJoint Pricing and Production Planning for Fixed Priced Multiple Products with Backorders
dc.typeJournal Article
dcterms.source.volume6
dcterms.source.number1
dcterms.source.startPage123
dcterms.source.endPage147
dcterms.source.issn1547-5816
dcterms.source.titleJournal of Industrial and management optimization
curtin.departmentDepartment of Mathematics and Statistics
curtin.accessStatusOpen access via publisher


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