Optimal pricing and production lot-sizing for seasonal products over a finite horizon.
Subrata SahaSambhu DasManjusri BasuPublished in: Int. J. Math. Oper. Res. (2010)
Keyphrases
- lot sizing
- finite horizon
- lot size
- multistage
- production planning
- pricing strategies
- inventory control
- production cost
- optimal policy
- single product
- single item
- ordering cost
- infinite horizon
- lead time
- setup cost
- production system
- multi item
- stochastic inventory control
- inventory models
- planning horizon
- customer demand
- inventory systems
- mixed integer programming
- markov decision processes
- periodic review
- single stage
- inventory level
- mixed integer
- dynamic programming
- fixed cost
- average cost
- markov decision process
- inventory policy
- stochastic demand
- finite state
- long run
- production process
- state space
- lost sales
- learning algorithm