Show simple item record

dc.contributor.authorCaccetta, Louis
dc.contributor.authorMardaneh, Elham
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.

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.titleJournal of Industrial and management optimization
curtin.departmentDepartment of Mathematics and Statistics
curtin.accessStatusOpen access via publisher

Files in this item


This item appears in the following Collection(s)

Show simple item record