Optimal Inventory Control and Pricing of Perishable Items Without Shortages.
Lin FengJianxiong ZhangWansheng TangPublished in: IEEE Trans Autom. Sci. Eng. (2016)
Keyphrases
- inventory control
- periodic review
- inventory replenishment
- pricing strategies
- dynamic pricing
- finite horizon
- lead time
- stochastic demand
- supply chain
- single product
- assembly systems
- inventory models
- customer service
- inventory systems
- lost sales
- inventory policy
- customer demand
- optimal policy
- revenue management
- dynamic programming
- joint replenishment
- infinite horizon
- planning horizon
- single item
- fixed cost
- learning curve
- holding cost
- service level
- supply chain management
- markov decision processes
- lot size
- optimal solution