On the effect of demand randomness on inventory, pricing and profit.
Geoffrey A. ChuaYan LiuPublished in: Oper. Res. Lett. (2015)
Keyphrases
- profit maximization
- demand function
- dynamic pricing
- optimal pricing
- revenue management
- single product
- periodic review
- profit maximizing
- lead time
- expected profit
- pricing strategies
- inventory level
- supply chain management
- inventory replenishment
- inventory control
- supply chain
- demand uncertainty
- inventory systems
- single stage
- uncertain demand
- stochastic demand
- inventory policy
- dynamic programming
- ordering cost
- production inventory
- single period
- infinite horizon
- single item
- finite horizon
- inventory models
- inventory management
- lot sizing
- multistage
- optimal solution
- planning horizon
- lost sales