On computing optimal (Q, r) replenishment policies under quantity discounts - The all-units and incremental discount cases.
Michael N. KatehakisLaurens C. SmitPublished in: Ann. Oper. Res. (2012)
Keyphrases
- inventory replenishment
- order quantity
- dynamic pricing
- single item
- replenishment policy
- lead time
- service level
- optimality criterion
- dynamic programming
- revenue management
- average cost
- worst case
- inventory level
- holding cost
- finite horizon
- inventory control
- inventory management
- control policies
- infinite horizon
- standard deviation
- stochastic demand
- single product
- learning algorithm