Title :
A Joint Pricing and Capacity Allocation Model for BTO Manufacturing
Author :
Li, Li ; Chen Rongqiu ; Bu Xiangzhi
Author_Institution :
Sch. of Manage., Huazhong Univ. of Sci. & Technol., Wuhan
Abstract :
Traditional revenue management is equated with capacity control and assumes demand and selling price are exogenous. A joint pricing and capacity allocation model is formulated based on the characteristics for BTO manufacturing. Then, due to the demand uncertainty, a chance constrained programming method is proposed to transform the model. Finally, the effectiveness of the proposed model and the application value of the revenue management model for BTO manufacturing are illustrated by numerical examples.
Keywords :
financial management; manufacturing industries; pricing; BTO manufacturing; capacity allocation model; constrained programming method; demand uncertainty; pricing model; revenue management; selling price; Costs; Elasticity; Inventory control; Pricing; Printing; Pulp manufacturing; Stochastic processes; Technology management; Uncertainty; Virtual manufacturing;
Conference_Titel :
Wireless Communications, Networking and Mobile Computing, 2007. WiCom 2007. International Conference on
Conference_Location :
Shanghai
Print_ISBN :
978-1-4244-1311-9
DOI :
10.1109/WICOM.2007.1065
