Integrated optimization of assortment, inventory and pricing considering omnichannel retailer's risk aversion and customer's time preference.
Yuxia MouZhimin GuanJun ZhangPublished in: Expert Syst. Appl. (2024)
Keyphrases
- inventory level
- risk aversion
- dynamic pricing
- single product
- customer demand
- lead time
- expected cost
- total cost
- supply chain
- risk neutral
- risk averse
- periodic review
- optimal policy
- production system
- long run
- holding cost
- lost sales
- order quantity
- state dependent
- optimization algorithm
- optimization problems
- inventory control
- infinite horizon
- stochastic process
- finite horizon
- revenue management
- evolutionary algorithm
- demand function
- inventory policy
- service level
- utility function
- inventory systems
- stationary distribution
- multiple objectives
- single item
- planning horizon
- asymptotically optimal
- exchange rate
- markov decision processes
- sufficient conditions
- optimal solution