An Inventory System Optimization for Solving Joint Pricing and Ordering Problem with Trapezoidal Demand and Partial Backlogged Shortages in a Limited Sales Period.
Chunming XuMingfei BaiQiyue WangYiwei WangPublished in: TAMC (2022)
Keyphrases
- ordering cost
- single product
- periodic review
- planning horizon
- inventory policy
- dynamic pricing
- inventory control
- pricing strategies
- lead time
- inventory systems
- replenishment policy
- ordering policy
- lost sales
- single item
- lot sizing
- lot size
- single stage
- inventory models
- multi item
- revenue management
- customer service
- finite horizon
- supply chain
- production inventory
- infinite horizon
- stochastic demand
- fixed cost
- total cost
- multistage
- combinatorial optimization
- inventory costs
- optimization problems
- expected cost
- service level
- profit maximization
- inventory replenishment
- inventory level
- production system
- optimal pricing
- single period
- long run
- joint replenishment
- demand function
- optimal policy
- pricing model
- holding cost
- customer demand
- market conditions
- production planning
- capacity expansion
- production cost
- base stock policy
- production capacity
- uncertain demand
- membership functions
- robust optimization