Joint Management of Finished Goods Inventory and Demand Process for a Make-to-Stock Product: A Computational Approach

DOI10.1109/TAC.2005.863484MaRDI QIDQ5281753zbMATH OpenOpenAlexFDO

Authors Liuxin Chen, Youyi Feng, Jihong Ou

Publication date 27 July 2017

Published in IEEE Transactions on Automatic Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1109/tac.2005.863484

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Applications of renewal theory (reliability, demand theory, etc.) (60K10) Inventory, storage, reservoirs (90B05) Renewal theory (60K05)

Cited in

(10)

• Optimal control of a make-to-stock system with outsourced production and price-sensitive demand
• Dynamic coordination of production planning and sales admission control in the presence of a spot market
• Managing an integrated production and inventory system selling to a dual market: long-term and walk-in
• Joint management of capacity and inventory in make-to-stock production systems with multi-class demand
• A Variant of L^♮-Convexity and its Application to Inventory Models with Batch Ordering
• Optimal control of price and production in an assemble-to-order system
• Fair and profitable: how pricing and lead-time quotation policies can help
• Dynamic pricing and replenishment: optimality, bounds, and asymptotics
• COORDINATED PRICING AND INVENTORY CONTROL WITH BATCH PRODUCTION AND ERLANG LEADTIMES
• Optimal production, pricing, and substitution policies in continuous review production-inventory systems

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