Joint optimization of dynamic pricing and replenishment cycle considering variable non-instantaneous deterioration and stock-dependent demand.
Neda TashakkorS. Hamid MirmohammadiMehdi IranpoorPublished in: Comput. Ind. Eng. (2018)
Keyphrases
- joint optimization
- dynamic pricing
- inventory level
- inventory replenishment
- lead time
- total cost
- fixed cost
- lost sales
- expected cost
- inventory control
- pricing model
- revenue management
- production system
- optimal pricing
- single product
- market conditions
- stochastic inventory
- sparse representation
- state dependent
- customer demand
- optimal policy
- infinite horizon
- inventory systems
- supply chain management
- production rate
- long run
- single period
- stochastic demand
- inventory management
- stochastic process
- supply chain
- single stage
- demand function
- sufficient conditions
- learning curve
- multistage
- holding cost
- random variables
- pricing strategies
- order quantity
- markov decision processes
- optimal strategy
- image classification
- single server
- state space