Optimizing Offline and Online Selling Prices in a Monopolistic Environment
DOI:
https://doi.org/10.33423/jabe.v21i4.2138Keywords:
Optimizing Offline, Monopolistic Environment, Online Selling, sales revenue function, Business, EconomicsAbstract
Based on two linear deterministic demand models, the sales revenue function of a multivariate quadratic form is formulated in this paper to determine the optimal offline and online selling prices for a retailer in a monopolistic environment. The impacts of the uniform delivery lead time on the retailer’s optimal pricing scheme and profitability are analytically examined. A numerical study is conducted to demonstrate these impacts.
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Published
2019-07-30
How to Cite
Zhang, H., Ma, J., & Rauch, J. (2019). Optimizing Offline and Online Selling Prices in a Monopolistic Environment. Journal of Applied Business and Economics, 21(4). https://doi.org/10.33423/jabe.v21i4.2138
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