Nonparametric Learning Algorithms for Joint Pricing and Inventory Control with Lost Sales and Censored Demand.
Boxiao ChenXiuli ChaoCong ShiPublished in: Math. Oper. Res. (2021)
Keyphrases
- inventory control
- lost sales
- periodic review
- finite horizon
- learning algorithm
- inventory models
- single product
- pricing strategies
- inventory systems
- optimal policy
- infinite horizon
- stochastic demand
- dynamic pricing
- base stock policies
- inventory management
- lead time
- single stage
- supply chain
- customer demand
- single period
- inventory level
- multi item
- inventory policy
- single item
- expected cost
- demand distributions
- reinforcement learning
- multistage
- markov decision processes
- customer service
- lot size
- dynamic programming
- ordering cost
- order quantity
- setup cost
- lot sizing
- machine learning
- optimal control
- supply chain management
- holding cost
- random variables
- non stationary
- markov decision process
- service level