A technical note on the dynamic nonstationary inventory-pricing control model with lost sale
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DOI: 10.1080/00207543.2017.1337946
Abstract: Abstract This paper studies a non-stationary, periodic review and finite horizon dynamic inventory-pricing problem with lost sale. The existing research on this problem suffers from a lack of concavity. Thus, strong conditions have to be… read more here.
Keywords: sale; demand; inventory pricing; lost sale ... See more keywords
Coordinating Inventory and Pricing Decisions with General Price‐Dependent Demands
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DOI: 10.1111/poms.12878
Abstract: We consider a periodic review, joint inventory and pricing control problem for a firm that faces general random price‐dependent demands. Any unsatisfied demand can be either backordered or lost immediately. The objective is to maximize… read more here.
Keywords: inventory pricing; dependent demands; price dependent; inventory ... See more keywords