Optimal Dynamic Pricing for used Products in remanufacturing over an Infinite horizon.
Gendao LiBaofeng SunPublished in: Asia Pac. J. Oper. Res. (2014)
Keyphrases
- production capacity
- infinite horizon
- dynamic pricing
- production planning
- optimal control
- single item
- finite horizon
- periodic review
- stochastic demand
- dynamic programming
- pricing strategies
- long run
- inventory control
- inventory replenishment
- optimal policy
- inventory level
- supply chain
- customer demand
- average cost
- markov decision processes
- production cost
- production system
- optimal production
- inventory policy
- lot sizing
- state space
- single product
- holding cost
- multistage
- lead time
- single stage
- supply chain management
- lost sales
- asymptotically optimal
- control system