Inventory and pricing policies under competition

Authors:
K. Jo Min
Affiliations:
Iowa State University, Ames, USA
Venue:
Operations Research Letters
Year:
1992

Citing 4
Cited 1

A generalized quantity discount pricing model to increase supplier's profits

Management Science
Introduction to operations research, 4th ed.

Introduction to operations research, 4th ed.
Inventory policies under various optimizing criteria and variable markup rates

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Inventory and quantity discount pricing policies under profit maximization

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Coordination and price competition in a duopoly common retailer supply chain

Computers and Industrial Engineering

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Abstract

We extend the profit maximizing economic order quantity (EOQ) model to the case of a symmetric oligopoly consisting of sellers of a homogeneous product who complte with each other for the same potential buyers. The key feature differentiating this paper from the extant EOQ literature is that, for both uniform pricing and quantity discount pricing cases, the formulations and equilibrium strategies of our models explicitly depend on the number of competing sellers. From the resulting symmetric equilibria, we derive interesting economic implications.