A clearing function based bid-price approach to integrated order acceptance and release decisions

作者：Guhlich Hendrik^*; Fleischmann Moritz; Moench Lars; Stolletz Raik

来源：European Journal of Operational Research, 2018, 268(1): 243-254.

DOI：10.1016/j.ejor.2018.01.006

• Revenue management
• Order acceptance
• Stochastic demand
• Stochastic production
• Clearing functions

In this paper, we consider the order acceptance and order release decisions of a manufacturer facing order-specific demand. In contrast to previous literature, both demand and production are stochastic. We develop,a novel bid-price-based revenue management approach to solve this decision problem. The,production system is modeled using clearing functions to capture the non-linear inter-dependency of work-loid and lead times in stochastic production systems. In extant literature, a common approach to cope with variability in a production system is to introduce fixed, workload-independent lead times. We show in a numerical study that our newly developed approach based on clearing functions clearly outperform's this fixed lead time approach.

• 出版日期2018-7-1