Joint markdown, ordering and freshness-keeping policy under demand competition between new and old products.
Ning LiXue QiaoZheng WangPublished in: J. Oper. Res. Soc. (2023)
Keyphrases
- demand function
- demand uncertainty
- inventory policy
- ordering cost
- expected profit
- customer demand
- dynamic pricing
- single product
- revenue management
- uncertain demand
- pricing strategies
- stochastic demand
- production cost
- supply chain
- inventory control
- ordering policy
- market share
- service level
- competitive market
- response time
- infinite horizon
- finite horizon
- finished goods inventory
- state dependent
- multi item
- replenishment policy
- lead time
- inventory models
- yield management
- lot size
- nash equilibrium
- partial order
- single item
- selling season
- inventory management
- budget constraints
- optimal policy
- optimal pricing
- production capacity
- demand variability
- inventory replenishment
- production system
- inventory costs
- fault tolerance
- holding cost
- product information
- production process
- inventory systems