Which strategy is better for managing multi-product demand uncertainty: Inventory substitution or probabilistic selling?
Juliang ZhangLan DengHuimin LiuT. C. E. ChengPublished in: Eur. J. Oper. Res. (2022)
Keyphrases
- demand uncertainty
- production cost
- service level
- dynamic pricing
- supply chain
- selling season
- pricing strategies
- uncertain demand
- lead time
- single product
- demand function
- expected profit
- production planning
- inventory control
- multi item
- infinite horizon
- optimal strategy
- life cycle
- single stage
- setup cost
- production capacity
- probabilistic model
- holding cost
- cooperative
- production rate
- test bed
- knapsack problem