Optimal dynamic pricing and inventory control with stock deterioration and partial backordering.
Zhan PangPublished in: Oper. Res. Lett. (2011)
Keyphrases
- inventory control
- dynamic pricing
- inventory replenishment
- stochastic demand
- pricing strategies
- periodic review
- inventory level
- finite horizon
- supply chain
- supply chain management
- lead time
- inventory models
- expected cost
- revenue management
- inventory policy
- customer demand
- optimal solution
- lost sales
- customer service
- optimal policy
- state dependent
- single product
- total cost
- fixed cost
- sufficient conditions
- decision making
- long run