Pricing and inventory control decisions in the stochastic hybrid production systems with multiple recovery options.
Foruzan NaseriMaryam EsmaeiliMehdi SeifbarghyTahereh HeydariPublished in: RAIRO Oper. Res. (2021)
Keyphrases
- production system
- inventory control
- periodic review
- multistage
- assembly systems
- dynamic pricing
- decision making
- production process
- inventory level
- supply chain
- base stock policies
- pricing strategies
- finite horizon
- customer service
- lead time
- single product
- fixed cost
- lot sizing
- decision makers
- state space
- expert systems
- production capacity
- learning algorithm