Coordinated inventory control and pricing policies for online retailers with perishable products in the presence of social learning.
Mahmood VahdaniZeinab SazvarPublished in: Comput. Ind. Eng. (2022)
Keyphrases
- inventory control
- social learning
- periodic review
- online retailers
- finite horizon
- yield management
- pricing strategies
- inventory replenishment
- optimal policy
- dynamic pricing
- customer demand
- revenue management
- lost sales
- social interaction
- single product
- supply chain
- lead time
- online shopping
- inventory models
- learning community
- markov decision process
- learning process
- customer service
- product recommendation
- infinite horizon
- markov decision processes
- online shoppers
- learning analytics
- state space
- average cost
- inventory systems
- multistage
- competitive advantage
- supply chain management
- reinforcement learning
- computational models
- learning curve
- holding cost
- online stores
- inventory policy
- production system
- single stage
- single item
- inventory level