Comments on: A comparative analysis for determining optimal price and order quantity when a sale increases demand.
Prafulla JoglekarPatrick LeePublished in: Eur. J. Oper. Res. (1998)
Keyphrases
- order quantity
- service level
- lead time
- reorder point
- inventory systems
- economic order quantity
- stochastic demand
- ordering policy
- standard deviation
- single period
- batch size
- lost sales
- single item
- planning horizon
- inventory management
- optimal policy
- single stage
- supply chain
- dynamic programming
- cost function
- decision variables
- finite horizon
- optimal control