Optimality of (s, S)-policies in a dynamic pricing model with replenishment opportunities: A sample path approach.
Jian LiXiaowei XuPublished in: Oper. Res. Lett. (2013)
Keyphrases
- sample path
- serial inventory systems
- lost sales
- pricing model
- asymptotic analysis
- optimal policy
- average reward
- supply chain
- markov chain
- lead time
- single stage
- pricing mechanism
- long run
- bi level
- base stock policies
- average cost
- multi item
- inventory level
- infinite horizon
- reinforcement learning
- dynamic pricing
- real option
- large deviations
- markov decision processes
- finite horizon
- decision makers