Optimal Policies Under Different Pricing Strategies in a Production System with Markov-Modulated Demand

DOI10.1007/0-387-33006-2_22zbMath1231.90049OpenAlexW1548820418MaRDI QIDQ3004465

Işılay Talay-Değirmenci, Fikri Karaesmen, Jean-Philippe Gayon, E. Lerzan Örmeci

Publication date: 1 June 2011

Published in: IFIP International Federation for Information Processing (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/0-387-33006-2_22

zbMATH Keywords

Markov decision processesinventory controlpricing

Mathematics Subject Classification ID

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

Related Items (2)

Dynamic pricing and replenishment: Optimality, bounds, and asymptotics ⋮ Joint pricing and inventory control with a Markovian demand model

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