Joint pricing and inventory control modelling for obsolescent products: a case study of the telecom industry.
Mohammad Reza Sadeghi MoghadamIsa Nakhai KamalabadiBahareh KarbasianPublished in: Int. J. Appl. Decis. Sci. (2019)
Keyphrases
- inventory control
- yield management
- finite horizon
- pricing strategies
- reverse logistics
- customer demand
- dynamic pricing
- periodic review
- optimal policy
- infinite horizon
- inventory models
- single product
- markov decision processes
- supply chain
- customer service
- stochastic demand
- assembly systems
- lead time
- multistage
- supply chain management
- markov decision process
- revenue management
- state space
- lost sales
- dynamic programming
- average cost
- finite state
- optimal control