Adapted cross entropy method to investigate costly price-changes in pricing and production planning

In this paper, we propose an adaptation of the cross entropy (CE) method, called ACE, to solve an integrated production planning and pricing problem in which price change is not costless. More specifically, we consider a firm with a common production capacity shared amongst multiple products. We sho...

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Bibliographic Details
Main Authors: Mardaneh, Elham, Caccetta, Louis
Format: Journal Article
Published: Yokohama Publishers 2016
Online Access:http://www.ybook.co.jp/online2/pjov12-2.html
http://hdl.handle.net/20.500.11937/21253