Optimal static pricing for a service facility with holding costs.
Idriss MaouiHayriye AyhanRobert D. FoleyPublished in: Eur. J. Oper. Res. (2009)
Keyphrases
- holding cost
- heavy traffic
- asymptotically optimal
- periodic review
- single server
- expected cost
- lead time
- arrival rate
- service rates
- total cost
- inventory systems
- average cost
- single stage
- setup cost
- infinite horizon
- dynamic programming
- high volume
- single item
- service providers
- long run
- single product
- service quality
- optimal control
- steady state
- special case
- inventory models
- pricing strategies
- worst case
- inventory control
- finite number
- optimal solution