Inventory and pricing model with price-dependent demand, time-varying holding cost, and quantity discounts.
Hesham K. AlfaresAhmed M. GhaithanPublished in: Comput. Ind. Eng. (2016)
Keyphrases
- pricing model
- holding cost
- dynamic pricing
- inventory level
- lead time
- single item
- supply chain
- expected cost
- order quantity
- total cost
- inventory control
- assembly systems
- supply chain management
- infinite horizon
- lot sizing
- setup cost
- arrival rate
- asymptotically optimal
- lost sales
- planning horizon
- high volume
- production cost
- service level
- inventory systems
- long run
- heavy traffic
- production system
- average cost
- pricing mechanism
- single server
- real option
- upper bound
- learning curve
- integer programming
- multistage
- optimal policy
- cost function
- queue length
- optimal control
- monte carlo
- markov chain
- bi level
- decision making
- neural network