An inventory model where customer demand is dependent on a stochastic price process
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DOI: 10.1016/j.ijpe.2019.01.039
Abstract: Abstract We investigate the optimal inventory operations of a firm selling an item whose price is driven by an exogenous stochastic price process which consequently impacts customer arrivals between ordering cycles. This case is typical… read more here.
Keywords: price process; customer; process; price ... See more keywords