Optimal Pricing and Inventory Control Policy with Quantity-Based Price Differentiation

DOI10.1287/opre.2013.1240zbMath1316.90003MaRDI QIDQ2935295

Miao Song, Youhua (Frank) Chen, Ye Lu, Xiao-Ming Yan

Publication date: 22 December 2014

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/e0bbb0a09f858406a36092ed9cb7bac16241f7c8

zbMATH Keywords

dynamic programming; dynamic pricing; multiple sales modes; stochastic inventory systems

Mathematics Subject Classification ID

90B05: Inventory, storage, reservoirs

90C39: Dynamic programming

Cites Work

• Combined Pricing and Inventory Control Under Uncertainty
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• A Note on Probability Distributions with Increasing Generalized Failure Rates
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• Optimal Auction Design
• Technical Note—Optimal Dynamic Joint Inventory-Pricing Control for Multiplicative Demand with Fixed Order Costs and Lost Sales
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case
• On the Optimality of Generalized (s, S) Policies
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case