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A Pricing Model for a Service Inventory System When Demand Is Price and Waiting Time Sensitive

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Book cover Computational Science and Its Applications – ICCSA 2005 (ICCSA 2005)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 3483))

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Abstract

This paper deals with the simultaneous determination of initial sales price, secondary sales price and resource capacity needed to be rented in a service rental system. It is assumed that demands are price and waiting time dependent. A deterministic model is developed for establishing the above-mentioned decisions. Analytical results show that optimal solutions can be found as a closed form formulation when the times to change sales prices are exogenous variables. In addition, we found sufficient conditions for optimization in the case where the times to change sales price are decision variables.

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Author information

Authors and Affiliations

  1. Graduate Institute of Transportation & Logistics, National ChiaYi University, 300 Shiue-Fu Road, Chia-Yi, 600, Taiwan

    Peng-Sheng You

Authors
  1. Peng-Sheng You
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Editor information

Editors and Affiliations

  1. Department of Mathematics and Computer Science, University of Perugia, via Vanvitelli, 1, I-06123, Perugia, Italy

    Osvaldo Gervasi

  2. Department of Computer Science, University of Calgary, 2500 University Drive N.W., T2N 1N4, Calgary, AB, Canada

    Marina L. Gavrilova

  3. William Norris Professor, Head of the Computer Science and Engineering Department, University of Minnesota, USA

    Vipin Kumar

  4. Department of Chemistry, University of Perugia, Via Elce di Sotto, 8, I-06123, Perugia, Italy

    Antonio Laganá

  5. Institute of High Performance Computing, IHCP, 1 Science Park Road, 01-01 The Capricorn, Singapore Science Park II, 117528, Singapore

    Heow Pueh Lee

  6. School of Computing, Soongsil University, Seoul, Korea

    Youngsong Mun

  7. Clayton School of IT, Monash University, 3800, Clayton, Australia

    David Taniar

  8. OptimaNumerics Ltd, Belfast, United Kingdom

    Chih Jeng Kenneth Tan

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© 2005 Springer-Verlag Berlin Heidelberg

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You, PS. (2005). A Pricing Model for a Service Inventory System When Demand Is Price and Waiting Time Sensitive. In: Gervasi, O., et al. Computational Science and Its Applications – ICCSA 2005. ICCSA 2005. Lecture Notes in Computer Science, vol 3483. Springer, Berlin, Heidelberg. https://doi.org/10.1007/11424925_40

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  • DOI: https://doi.org/10.1007/11424925_40

  • Publisher Name: Springer, Berlin, Heidelberg

  • Print ISBN: 978-3-540-25863-6

  • Online ISBN: 978-3-540-32309-9

  • eBook Packages: Computer ScienceComputer Science (R0)

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