Retailer's pricing and lot sizing policy for exponentially deteriorating products under the condition of permissible delay in payments.
Hark HwangSeong Whan ShinnPublished in: Comput. Oper. Res. (1997)
Keyphrases
- lot sizing
- replenishment policy
- single item
- single product
- lead time
- multi item
- inventory policy
- optimal production
- planning horizon
- dynamic pricing
- selling season
- periodic review
- demand function
- inventory systems
- supply chain
- expected profit
- multistage
- pricing strategies
- customer demand
- fixed cost
- demand uncertainty
- rolling horizon
- production planning
- stochastic demand
- inventory level
- setup times
- mixed integer programming
- assembly systems
- cutting stock
- setup cost
- inventory control
- holding cost
- single stage
- joint replenishment
- mixed integer
- sufficient conditions
- production cost
- mechanism design
- revenue management
- production rate
- infinite horizon
- service level
- ordering cost
- supply chain management
- order quantity
- total cost
- production line
- optimal policy
- raw material
- finite horizon
- inventory models
- production system
- random variables
- lot size