Optimal pricing and inventory control strategy for a continuous-review system with product return.
Ping CaoDacheng YaoPublished in: Oper. Res. Lett. (2022)
Keyphrases
- control strategy
- optimal pricing
- single product
- dynamic pricing
- pricing strategies
- mathematical model
- inventory level
- control system
- control algorithm
- control strategies
- control method
- inventory control
- lead time
- control scheme
- optimal control
- revenue management
- pricing model
- fuzzy controller
- customer demand
- finite horizon
- total cost
- supply chain
- life cycle
- production planning
- production cost
- holding cost
- inventory management
- production system
- planning horizon
- state dependent
- real time
- infinite horizon
- cost function
- decision making