Article ID Journal Published Year Pages File Type
1143041 Operations Research Letters 2012 9 Pages PDF
Abstract

We study a dynamic inventory and pricing optimization problem in a periodic review inventory system with setup cost and finite ordering capacity in each period. We show that the optimal inventory control is characterized by an (s,s′,p)(s,s′,p) policy in four regions of the starting inventory level.

Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
Preview
Dynamic inventory and pricing policy in a capacitated stochastic inventory system with fixed ordering cost
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