Optimal inventory control and allocation for sequential internet auctions

DOI10.1142/S0217595915500037MaRDI QIDQ5255179zbMATH OpenOpenAlexFDO

Authors Shuren Liu, Yimin Zhu, Qiying Hu

Publication date 12 June 2015

Published in Asia-Pacific Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1142/s0217595915500037

zbMATH Keywords

base-stock-allocate-all policyinternet auctioninventory controlMarkov decision process

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40) Microeconomic theory (price theory and economic markets) (91B24)

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Cites work

• A computational approach for optimal joint inventory-pricing control in an infinite-horizon periodic-review system
• A dynamic, nonstationary inventory problem for a price/quantity setting firm
• A Simple Heuristic for Computing Nonstationary (s, S) Policies
• Auctioning Supply Contracts
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• Discrete Dynamic Programming
• Finding Optimal (s, S) Policies Is About As Simple As Evaluating a Single Policy
• scientific article; zbMATH DE number 3881695 (Why is no real title available?)
• Internet auctions with many traders
• Inventory Management with Auctions and Other Sales Channels: Optimality of (s, S) Policies
• Markov decision processes with their applications
• Monopoly and Uncertainty
• Optimal Auction Design
• Optimal Auctioning and Ordering in an Infinite Horizon Inventory-Pricing System
• Optimal dynamic auctions for revenue management
• Selecting optimal selling format of a product in B2C online auctions with boundedly rational customers
• Using bid data for the management of sequential, multi-unit, online auctions with uniformly distributed bidder valuations
• Using Stochastic Approximation Methods to Compute Optimal Base-Stock Levels in Inventory Control Problems
• What is the Laplace Transform?

Cited in

(11)

• Dynamic lot-sizing in sequential online auction systems with reserve price
• Inventory disclosure in online retailing
• Optimal inventory control with fixed ordering cost for selling by Internet auctions
• A dynamic inventory/allocation model based on auctions with multi-unit demand
• Analysis and evaluation for optimal allocation in sequential internet auction systems with reserve price
• Optimal Auctioning and Ordering in an Infinite Horizon Inventory-Pricing System
• Dynamic lot-sizing in sequential online retail auctions
• Bidding Behavior and Equilibrium Excursion of Uniform Price Auction Mechanism
• An auction approach for cost and schedule management of IT outsourcing project
• scientific article; zbMATH DE number 1932368 (Why is no real title available?)
• On optimal bidding and inventory control in sequential procurement auctions: the multi period case

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