Two-period pricing and inventory decisions of perishable products with partial lost sales.
Haijie ZhouKebing ChenShengbin WangPublished in: Eur. J. Oper. Res. (2023)
Keyphrases
- periodic review
- lost sales
- inventory systems
- finite horizon
- raw material
- yield management
- inventory models
- inventory control
- single stage
- stochastic demand
- lead time
- optimal policy
- single product
- inventory management
- multi item
- infinite horizon
- customer demand
- single item
- stochastic inventory
- lot sizing
- demand distributions
- inventory level
- single period
- base stock policies
- expected cost
- pricing strategies
- inventory policy
- planning horizon
- markov decision process
- order quantity
- machine learning
- production cost
- service level
- decision problems
- reinforcement learning