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Revenue management via multi-product available to promise

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  • Today's industries are highly complex in nature offering multiple customized quality products with shorter product life-cycles, volatile demand and tighter due-dates etc. to the customers. Manufacturers are focussing on Available-To-Promise (ATP) to their customers as a retention strategy. In other words manufacturers are forced to commit in advance to the customers the amount they can deliver by the specified due-date. In the current work we address a single manufacturer and multi-customer supply chain setting wherein there are multiple products, stochastic demands, varying profit rates, different learning rates etc. We restrict our focus to the multi-product ATP (MATP) strategies that maximize net profit of the manufacturer. We present optimization models in which there is a possibility of cancelling prior committed orders. We also model the dynamic pricing decision integrated with revenue management in MATP setting. We present the results of weak concavity of the MATP models and related structural insights. We support our thesis with rigorous numerical experimental results.
    Mathematics Subject Classification: Primary: 90C90, 90C27, 90B30 ; Secondary: 90C30.


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