A two-price policy for a newsvendor product supply chain with time and price sensitive demand.
Omid JadidiSharareh TaghipourSaeed ZolfaghariPublished in: Eur. J. Oper. Res. (2016)
Keyphrases
- supply chain
- stochastic demand
- customer demand
- lead time
- expected profit
- inventory control
- optimal production
- inventory policy
- single product
- planning horizon
- inventory management
- inventory models
- supply chain management
- demand function
- demand uncertainty
- pricing strategies
- single item
- holding cost
- product life cycle
- stochastic inventory
- service level
- market demand
- bullwhip effect
- lost sales
- inventory systems
- replenishment policy
- production capacity
- periodic review
- order quantity
- infinite horizon
- safety stock
- multi period
- lot sizing
- capacity planning
- single period
- finished goods inventory
- operating costs
- uncertain demand
- dynamic pricing
- inventory holding
- setup cost
- inventory level
- decision making
- finite horizon
- raw material
- production planning
- customer service
- total cost
- optimal policy
- capacity expansion