Advanced Search
DSpace@MIT

A computational method and software development for make-to-order pricing optimization

Research and Teaching Output of the MIT Community

A computational method and software development for make-to-order pricing optimization

Download
Author: Wang, Zhiyong, S.M. Massachusetts Institute of Technology
Other Contributors: System Design and Management Program.
Advisor: David Simchi-Levi.
Department: System Design and Management Program.
Publisher: Massachusetts Institute of Technology
Date Issued: 2006
Abstract:
High variability of demand and inflexible capacity are inevitable in a make-to-order production despite its cost savings. A computational method is proposed in this thesis to exploit pricing opportunities in the price elasticity of demand and the up-to-date order transactions. Software development possibility was considered based on such pricing optimization method. Based on experiments conducted using a software prototype, we concluded that using the proposed computational method and software developed following the method with acceptable performance and scalability, pricing optimization was able to increase the revenue of a make-to-order production.
Description:
Thesis (S.M.)--Massachusetts Institute of Technology, System Design and Management Program, 2006.Includes bibliographical references (p. 34).
URI: http://hdl.handle.net/1721.1/35097
Keywords: System Design and Management Program.

Show full item metadata

Files in this item

Name Size Format Description
71341433.pdf 2.135Mb PDF Preview, non-printable (open to all)
71341433-MIT.pdf 2.135Mb PDF Full printable version (MIT only)

This item appears in the following Collection(s)

MIT-Mirage