Optimal dynamic pricing and inventory control with stock deterioration and partial backordering

Pang, Zhan (2011) Optimal dynamic pricing and inventory control with stock deterioration and partial backordering. Operations Research Letters, 39 (5). pp. 375-379. ISSN 0167-6377

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Abstract

This paper studies the optimal dynamic pricing and inventory control policies in a periodic-review inventory system with fixed ordering cost and additive demand. The inventory may deteriorate over time and the unmet demand may be partially backlogged. We identify two sufficient conditions under which (s,S,p) policies are optimal.

Item Type:
Journal Article
Journal or Publication Title:
Operations Research Letters
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/aacsb/disciplinebasedresearch
Subjects:
ID Code:
45830
Deposited By:
Deposited On:
11 Jul 2011 18:38
Refereed?:
Yes
Published?:
Published
Last Modified:
01 Jul 2020 09:45