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/asjc/1800/1803

Subjects:

?? dynamic pricinginventory controldynamic programmingmanagement science and operations researchsoftwareapplied mathematicsindustrial and manufacturing engineeringdiscipline-based research ??

Departments:

Lancaster University Management School > Management Science

ID Code:

45830

Deposited By:

ep_importer_pure

Deposited On:

11 Jul 2011 18:38

Refereed?:

Yes

Published?:

Published

Last Modified:

15 Jul 2024 12:13

URI:

https://eprints.lancs.ac.uk/id/eprint/45830