Optimal pricing and deteriorating inventory control when inventory stimulates stochastic demand with reference price effect.
Yongrui DuanYu CaoPublished in: RAIRO Oper. Res. (2021)
Keyphrases
- inventory control
- stochastic demand
- pricing strategies
- dynamic pricing
- supply chain
- lead time
- finite horizon
- lost sales
- periodic review
- inventory models
- customer service
- customer demand
- infinite horizon
- supply chain management
- inventory level
- optimal policy
- single product
- planning horizon
- inventory systems
- fixed cost
- dynamic programming
- learning curve
- state space