Dynamic Pricing Model with Logarithmic Demand (Record no. 90483)

MARC details
000 -LEADER
fixed length control field 01450naa a2200193 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 161001b xxu||||| |||| 00| 0 eng d
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Khedlekar, U. K.
245 ## - TITLE STATEMENT
Title Dynamic Pricing Model with Logarithmic Demand
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc
Name of publisher, distributor, etc
Date of publication, distribution, etc
300 ## - PHYSICAL DESCRIPTION
Extent 50 (1) Jan-Mar 2013,1-13p.
520 ## - SUMMARY, ETC.
Summary, etc The demand of an item depends on time and price both. For example, electric fan in winter season has low demand than summer. The competing company with lower price gets benefit of better sale during this season. The offer of discount in price of product is an effective tool to increase the demand in the declining market. In this paper, we develop a dynamic pricing model for the product having logarithmic decline price sensitive demand. A useful solution procedure is presented to determine the optimal number of price settings and respective selling price. It proved there exist an optimal number of price settings to provide optimal profit for varying business setup. Results are supported by a numerical example and a computational procedure is appended to illustrate the performance of the model. It is shown that the dynamic pricing policy has better performance over the static pricing policy.<br/><br/>
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Optimal price settings
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Price sensitive demand
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Dynamic pricing
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Inventory
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Deterioration
773 0# - HOST ITEM ENTRY
Host Biblionumber 90479
Place, publisher, and date of publication
Other item identifier B-2509
Title BV- Opsearch (Jan-Jun 2013)
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Item type Articles
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Home library Current library Date acquired Total Checkouts Barcode Date last seen Koha item type
    Dewey Decimal Classification     Main Library Main Library 01/10/2016   AR16031 01/10/2016 Articles

Powered by Koha