EI/ERIM Operations Research Lunch Seminar: Capacitated Procurement Planning with Price-Sensitive Demand and Concave Revenue Functions


Speaker


Abstract

On Thursday December 7th, Edwin Romeijn from the University of Florida and Zeger Degraeve from London Business School will be the next speakers in the OR lunch seminar series. You are cordially invited to attend the presentations. Details of the presentations are given below.It is possible to attend one of the presentations. The presentation by Edwin Romeijn will start at 12.30 hrs and the presentation by Zeger Degraeve will start at 13.15 hrs. Remember that this is a lunch meeting. For ordering the right amount of sandwiches, coffee, tea and milk, do let us know before Tuesday December 5th whether you will be present at (one of) the presentations. We hope to welcome all of you.

 
Send an email to:  wvandenheuvel@few.eur.nl or rnicolai@few.eur.nl
 

Capacitated Procurement Planning with Price-Sensitive Demand and Concave Revenue Functions

We  develop an  effective  solution  approach  for  discrete  time,  finite  horizon  procurement planning  problems  with  economies  of  scale  in  procurement,  price  sensitive  demand,  and  time  invariant  procurement  capacities.   Our  model  allows for a concave revenue function in each time period, and seeks to maximize total revenue less procurement and inventory holding costs. We focus on a model in which price may vary dynamically. We provide polynomial time solution methods for these problems that improve on the current best known methods for such models under weaker conditions on the revenue functions.
 
Contact information:

Wilco van den Heuvel

Tel: (+31) 10 4081260

Fax: (+31) 10 4089162

E-mail: wvandenheuvel@few.eur.nl
 
 Robin Nicolai
 E-mail: rnicolai@few.eur.nl