Optimal Markdown Pricing and Inventory Allocation for Retail Chains with Inventory Dependent Demand.
Stephen A. SmithNarendra AgrawalPublished in: Manuf. Serv. Oper. Manag. (2017)
Keyphrases
- periodic review
- inventory replenishment
- single product
- supply chain
- dynamic pricing
- lead time
- inventory policy
- inventory systems
- inventory control
- uncertain demand
- lost sales
- profit maximization
- single stage
- multi echelon
- revenue management
- total cost
- stochastic demand
- finite horizon
- single item
- base stock policies
- inventory models
- lot sizing
- multi item
- lot size
- inventory management
- single period
- replenishment policy
- infinite horizon
- inventory level
- optimal pricing
- holding cost
- demand function
- planning horizon
- service level
- joint replenishment
- production inventory
- optimal policy
- optimal capacity
- ordering cost
- optimal production
- supply chain management
- assembly systems
- expected profit
- allocation policy
- order quantity
- multistage
- production capacity
- fixed cost
- demand uncertainty
- optimal allocation
- pricing strategies
- profit maximizing
- demand forecasting
- pricing model
- setup cost
- customer service
- long run
- dynamic programming
- demand distributions
- learning curve
- expected cost
- ordering policy
- production system
- inventory holding
- selling season