eBusiness
Research Lunch Seminars
NE20-336 (3 Cambridge Center)
Wednesday, October 31, 12-1:30 pm
Lunch Provided
Professor David Simchi-Levi
Delayed Pricing vs. Delayed Production in Supply Chain Management
Abstract
We consider pricing, production and distribution decisions in
a multi-period single product environment.The objective is to
maximize expected profit under conditions of periodically varying
capacities, inventory holding and production costs and general
stochastic demand. We compare two strategies referred to as delayed
production and delayed pricing strategies. In delayed production,
pricing decisions are made at the beginning of the horizon, while
production decisions are made dynamically, period by period. In
delayed pricing strategies, production decisions are made at the
beginning of the horizon while pricing decisions are made dynamically.
Calendar
for Fall Lunch seminars
