Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5128357 | Operations Research Letters | 2017 | 6 Pages |
Abstract
In an infinite horizon inventory and sales model, we show that the seller's unique strategy exhibits increasing prices under general conditions on the revenue function. An increasing discount rate leads to an increase of the time interval between order times, but an increase in batch size has an ambiguous effect.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Anita van den Berg, P. Jean-Jacques Herings, Hans Peters,