Joint Ordering and Markdown Policy for Short Lifetime Products With Competitive Price- and Freshness-Based Demand.
Xue QiaoZheng WangHaoxun ChenPublished in: IEEE Trans Autom. Sci. Eng. (2021)
Keyphrases
- ordering cost
- inventory policy
- customer demand
- expected profit
- pricing strategies
- stochastic demand
- production cost
- single product
- infinite horizon
- inventory control
- optimal policy
- dynamic pricing
- supply chain
- finite horizon
- ordering policy
- lot size
- competitive market
- finished goods inventory
- multi item
- optimal pricing
- production capacity
- inventory models
- competitive environment
- state dependent
- market share
- budget constraints
- lead time
- lost sales
- replenishment policy
- inventory management
- revenue management
- energy consumption
- partial order
- life span
- lot sizing
- total cost
- long run
- production planning
- electricity markets
- allocation policy
- inventory systems
- planning horizon
- uncertain demand
- production line
- multistage
- demand variability
- yield management
- fixed cost