A Robust Pricing/Lot-sizing Model and A Solution Method Based on Geometric Programming

The pricing/lot-sizing problem of determining the robust optimal order quantity and selling price is discussed. The uncertainty of parameters characterized by an ellipsoid is explicitly incorporated into the problem. An approximation scheme is proposed to transform the problem into a geometric pro-g...

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Bibliographic Details
Published inManagement science & financial engineering Vol. 14; no. 2; pp. 13 - 23
Main Author Lim, Sungmook
Format Journal Article
LanguageEnglish
Published Seoul 한국경영과학회 01.11.2008
KORMS
Subjects
경영학
Geometric Programming
Robust Optimization
Pricing/Lot-sizing Model
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ISSN2287-2043
2287-2361

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Summary:The pricing/lot-sizing problem of determining the robust optimal order quantity and selling price is discussed. The uncertainty of parameters characterized by an ellipsoid is explicitly incorporated into the problem. An approximation scheme is proposed to transform the problem into a geometric pro-gram, which can be efficiently and reliably solved using interior-point methods. KCI Citation Count: 1
Bibliography:SourceType-Scholarly Journals-1
ObjectType-General Information-1
content type line 14
G704-000073.2008.14.2.007
ISSN:2287-2043
2287-2361