Joint pricing and inventory control in a make-to-stock queue with delay-sensitive customers.
Xiaoli CaiJun LiShe ChenXu TangPublished in: J. Oper. Res. Soc. (2022)
Keyphrases
- inventory control
- inventory level
- pricing strategies
- dynamic pricing
- state dependent
- periodic review
- queue size
- lead time
- customer demand
- customer service
- single product
- single server
- queue length
- holding cost
- steady state
- expected cost
- stochastic demand
- lost sales
- fluid model
- total cost
- inventory models
- supply chain
- stationary distribution
- optimal policy
- markov chain
- inventory replenishment
- finite horizon
- production system
- stochastic process
- arrival rate
- long run
- single stage
- service times
- pricing model
- revenue management
- infinite horizon
- queueing networks
- customer satisfaction
- learning curve
- random variables
- inventory policy
- electronic commerce
- queueing model
- finite state
- fixed cost
- supply chain management
- sufficient conditions
- special case