Optimal pricing and inventory policies: Centralized and decentralized decision making.
Steffen JørgensenPeter M. KortPublished in: Eur. J. Oper. Res. (2002)
Keyphrases
- optimal pricing
- decentralized decision making
- inventory policy
- multi agent
- inventory models
- decision making
- pricing model
- supply chain
- bandit problems
- finite horizon
- optimal policy
- dynamic pricing
- service level
- infinite horizon
- resource allocation
- single product
- pricing strategies
- production system
- multi item
- multi armed bandit
- production cost
- inventory level
- lost sales
- state space
- machine learning
- objective function