Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1143378 | Operations Research Letters | 2006 | 10 Pages |
Abstract
We analyze an infinite horizon, single product, continuous review model in which pricing and inventory decisions are made simultaneously and ordering cost includes a fixed cost. We show that there exists a stationary (s,S)(s,S) inventory policy maximizing the expected discounted or expected average profit under general conditions.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Xin Chen, David Simchi-Levi,