Inventory, investment, and pricing policies for lot-size decision makers

dc.contributor.advisor K. Jo Min
dc.contributor.author Otake, Toshitsugu
dc.contributor.department Industrial and Manufacturing Systems Engineering
dc.date 2018-08-23T06:22:09.000
dc.date.accessioned 2020-06-30T07:16:30Z
dc.date.available 2020-06-30T07:16:30Z
dc.date.copyright Thu Jan 01 00:00:00 UTC 1998
dc.date.issued 1998
dc.description.abstract <p>In this dissertation, inventory, investment, and pricing policies for lot-size decision makers are examined based on classical economic order quantity. Specifically, we focus on investment in setup operations, investment in quality improvement, and market dependent products such as substitutes and complements. We examine various impacts of investment and competition on inventory policies and derive managerial insights and economic implications. Throughout this dissertation, deterministic mathematical programming is used as the primary analysis technique and optimal policies are obtained through this technique;For the inventory and investment relationships, we construct and analyze inventory and investment in setup operations policies, inventory and investment in quality improvement policies, and inventory and capital investment allocation policies in setup and quality operations under ROI maximization. The resulting contributions are the establishment of an ROI model with/without the capital budget constraint and characterization of the unique global optimal solution when there exists an option to invest in setup operations. We also show how the inventory level is reduced when it is optimal to invest additional money in setup operations and/or quality improvement;For the inventory and competition relationships, on the other hand, we design and analyze two duopoly models for two profit maximizing sellers when products are substitutes or complements. The resulting contributions are formulation of inventory and pricing policies for substitutes and complements. Furthermore, we obtain the closed-form inventory and pricing policies at equilibrium when symmetric demand and cost are assumed.</p>
dc.format.mimetype application/pdf
dc.identifier archive/lib.dr.iastate.edu/rtd/11879/
dc.identifier.articleid 12878
dc.identifier.contextkey 6510375
dc.identifier.doi https://doi.org/10.31274/rtd-180813-10800
dc.identifier.s3bucket isulib-bepress-aws-west
dc.identifier.submissionpath rtd/11879
dc.identifier.uri https://dr.lib.iastate.edu/handle/20.500.12876/65184
dc.language.iso en
dc.source.bitstream archive/lib.dr.iastate.edu/rtd/11879/r_9841074.pdf|||Fri Jan 14 19:00:12 UTC 2022
dc.subject.disciplines Business Administration, Management, and Operations
dc.subject.disciplines Industrial Engineering
dc.subject.keywords Industrial and manufacturing systems engineering
dc.subject.keywords Industrial engineering
dc.title Inventory, investment, and pricing policies for lot-size decision makers
dc.type article
dc.type.genre dissertation
dspace.entity.type Publication
relation.isOrgUnitOfPublication 51d8b1a0-5b93-4ee8-990a-a0e04d3501b1
thesis.degree.level dissertation
thesis.degree.name Doctor of Philosophy
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