Joint pricing and ordering policy for a deteriorating inventory.
S. MukhopadhyayR. N. MukherjeeK. S. ChaudhuriPublished in: Comput. Ind. Eng. (2004)
Keyphrases
- ordering policy
- planning horizon
- finite horizon
- lost sales
- single product
- stochastic demand
- order quantity
- lot sizing
- profit maximization
- dynamic pricing
- raw material
- lead time
- inventory control
- optimal policy
- revenue management
- infinite horizon
- fixed cost
- batch size
- manufacturing systems
- supply chain
- production planning
- service level
- total cost
- single item
- inventory systems
- inventory management
- multistage
- multi item
- expected cost
- inventory level
- production system
- supply chain management
- markov decision processes
- average cost
- random variables
- learning algorithm