Optimal dynamic pricing and ordering of a perishable product under additive effects of price and time on demand.
Avi HerbonEugene KhmelnitskyPublished in: Eur. J. Oper. Res. (2017)
Keyphrases
- dynamic pricing
- inventory replenishment
- pricing strategies
- market conditions
- inventory control
- production capacity
- pricing model
- supply chain management
- optimal pricing
- revenue management
- learning curve
- total cost
- optimal solution
- inventory policy
- stochastic demand
- asymptotically optimal
- selling season
- production planning
- optimal strategy