Retailer-run resale market and optimal returns and resale policy.
Chang Hwan LeeByong-Duk RheePublished in: Eur. J. Oper. Res. (2018)
Keyphrases
- dynamic pricing
- inventory policy
- asymptotically optimal
- stochastic demand
- supply chain
- dynamic programming
- allocation policy
- risk neutral
- finite horizon
- optimal pricing
- ordering policy
- expected cost
- order quantity
- average cost
- markov decision processes
- optimal policy
- worst case
- average reward
- state dependent
- demand function