Coordinating two-period ordering and advertising policies in a dynamic market with stochastic demand.
Junping WangSheng-Dong WangJie MinPublished in: Int. J. Syst. Sci. (2015)
Keyphrases
- stochastic demand
- ordering policy
- optimal policy
- infinite horizon
- inventory control
- lost sales
- periodic review
- pricing strategies
- raw material
- finite horizon
- customer demand
- lead time
- order quantity
- decision problems
- ordering cost
- probability distribution
- decision making
- markov decision process
- inventory policy
- inventory management
- multistage
- search space
- lower bound