On optimal bidding and inventory control in sequential procurement auctions: the multi period case.
Kartikeya S. PuranamMichael N. KatehakisPublished in: Ann. Oper. Res. (2014)
Keyphrases
- inventory control
- multi period
- planning horizon
- finite horizon
- supply chain
- fixed cost
- auction mechanisms
- supply chain management
- combinatorial auctions
- online auctions
- lead time
- bidding strategies
- total cost
- lot size
- multi attribute
- production planning
- lot sizing
- optimal solution
- reverse auction
- dynamic programming
- customer service
- expected cost
- random variables
- single item
- asymptotically optimal
- average cost
- dynamic pricing
- service level
- optimal control