Manufacturer's pricing strategy and return policy for a single-period commodity.
Hon-Shiang LauAmy Hing Ling LauPublished in: Eur. J. Oper. Res. (1999)
Keyphrases
- pricing strategies
- single period
- inventory control
- inventory models
- supply chain
- order quantity
- inventory policy
- lead time
- periodic review
- single product
- dynamic pricing
- revenue management
- service level
- finite horizon
- lost sales
- optimal policy
- inventory systems
- supply chain management
- customer demand
- inventory management
- expected profit
- planning horizon
- single stage
- production planning
- capacity expansion
- inventory level
- lot sizing
- linear programming
- markov decision process
- customer service
- infinite horizon
- probability distribution
- sample path
- state space
- dynamic programming
- decision making