Single-period ordering and pricing policies with markdown, multivariate demand and customer price sensitivity.
Madhukar NagarePankaj DuttaPublished in: Comput. Ind. Eng. (2018)
Keyphrases
- single period
- periodic review
- inventory models
- inventory policy
- inventory control
- inventory systems
- single product
- customer service
- holding cost
- lost sales
- stochastic inventory
- customer demand
- lead time
- revenue management
- finite horizon
- demand distributions
- single stage
- optimal policy
- infinite horizon
- single item
- dynamic pricing
- inventory level
- electronic commerce
- order quantity
- inventory management
- multi item
- setup cost
- supply chain
- long run
- stochastic demand
- service level
- multistage
- lot sizing
- average cost
- customer satisfaction
- total cost
- sensitivity analysis
- planning horizon
- call center
- sample path
- demand function
- markov decision process
- pricing strategies
- control policies
- expected cost
- fixed cost
- asymptotically optimal
- supply chain management
- expected profit
- heavy traffic