Optimal unit price and credit period for price sensitive demand and random supply.
Nita H. ShahAjay S. GorHui-Ming WeePublished in: Int. J. Appl. Decis. Sci. (2008)
Keyphrases
- optimal capacity
- stochastic demand
- dynamic programming
- lead time
- planning horizon
- dual sourcing
- capacity allocation
- budget constraints
- profit maximizing
- optimal solution
- order quantity
- holding cost
- single item
- inventory systems
- inventory control
- periodic review
- capacity expansion
- ordering cost
- electricity markets
- uncertain demand
- optimal strategy
- ordering policy
- network revenue management
- supply chain
- messy genetic algorithm