Optimal procurement and pricing policies for inventory models with price and time dependent seasonal demand.
Snigdha BanerjeeAshish SharmaPublished in: Math. Comput. Model. (2010)
Keyphrases
- inventory models
- periodic review
- inventory policy
- inventory control
- inventory replenishment
- lost sales
- finite horizon
- inventory systems
- single period
- single product
- demand distributions
- service level
- lead time
- uncertain demand
- stochastic demand
- supply chain
- single stage
- average cost
- optimal policy
- holding cost
- supply chain management
- infinite horizon
- planning horizon
- expected profit
- setup cost
- single item
- dynamic pricing
- optimal pricing
- order quantity
- lot sizing
- fixed cost
- markov decision process
- multi item
- markov decision processes
- ordering cost
- multistage
- lot size
- revenue management
- customer demand
- learning algorithm
- inventory level
- customer service
- expected cost
- long run
- state space
- search space