The Integrated Size and Price Optimization problem
We present the Integrated Size and Price Optimization Problem (ISPO)
for a fashion discounter with many branches. Based on a two-stage
stochastic programming model with recourse, we develop an exact
algorithm and a production-compliant heuristic that produces small
optimality gaps. In a field study we show that a distribution of
supply over branches and sizes based on ISPO solutions is
significantly better than a one-stage optimization of the
distribution ignoring the pos We present the Integrated Size and Price Optimization Problem (ISPO)
for a fashion discounter with many branches. Based on a two-stage
stochastic programming model with recourse, we develop an exact
algorithm and a production-compliant heuristic that produces small
optimality gaps. In a field study we show that a distribution of
supply over branches and sizes based on ISPO solutions is
significantly better than a one-stage optimization of the
distribution ignoring the possibility of optimal pricing.
…
| Institutes: | Mathematik |
|---|---|
| Author: | Miriam Kießling, Sascha Kurz, Jörg Rambau |
| Year of Completion: | 2012 |
| SWD-Keyword: | Feldversuch; Stochastische Optimierung; Supply Chain Management |
| Tag: | Textildiscounter Lottyp; Preisreduzierung; pre-pack |
| MSC-Classification: | 90-XX OPERATIONS RESEARCH, MATHEMATICAL PROGRAMMING |
| URN: | urn:nbn:de:bvb:703-opus4-8865 |
| Source: | erscheint in: Numerical Algebra, Control and Optimization (NACO) |
| Document Type: | Preprint |
| Language: | English |
| Date of Publication (online): | 15.11.2012 |
| Licence (German): |  Creative Commons - Namensnennung-Nicht kommerziell-Keine Bearbeitung |
