Strategic inventory and pricing decision for substitutable products.
Subrata SahaIzabela Ewa NielsenIlkyeong MoonPublished in: Comput. Ind. Eng. (2021)
Keyphrases
- uncertain demand
- decision making
- dynamic pricing
- profit maximization
- supply chain
- single product
- revenue management
- customer demand
- yield management
- pricing strategies
- lead time
- capacity planning
- competitive environment
- inventory control
- decision makers
- strategic decisions
- inventory level
- production cost
- supply chain management
- optimal pricing
- expected profit
- selling season
- inventory management
- decision process
- decision rules
- knowledge management
- case study
- finite horizon
- decision analysis
- replenishment policy
- inventory replenishment
- multi item
- stochastic demand
- product design
- pricing model
- lot sizing
- random variables