Combining the Inventory Control Policy with Pricing and Advertisement Decisions for a Non-instantaneous Deteriorating Product.
Reza MaihamiIman GhalehkhondabiPublished in: APMS (2) (2019)
Keyphrases
- control policy
- profit maximization
- expected profit
- single product
- optimal production
- long run
- production process
- finite horizon
- expected cost
- periodic review
- dynamic pricing
- control policies
- approximate dynamic programming
- inventory replenishment
- average cost
- inventory policy
- production system
- revenue management
- reinforcement learning
- admission control
- decision making
- planning horizon
- lot sizing
- lead time
- infinite horizon
- total cost
- inventory management
- decision makers
- service level
- inventory control
- single period
- pricing strategies
- customer demand
- production rate
- production capacity
- selling season