Revenue management for a make-to-order company with limited inventory capacity

DOI10.1007/s00291-005-0016-1zbMath1144.90410OpenAlexW1973880740MaRDI QIDQ858597

Heinrich Kuhn, Florian Defregger

Publication date: 11 January 2007

Published in: OR Spectrum (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00291-005-0016-1

zbMATH Keywords

Markov decision processMake-to-orderLimited inventoryRevenue managementValue iteration algorithm

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items

Dynamic lead time quotation under responsive inventory and multiple customer classes ⋮ Influence of order acceptance policies on optimal capacity investment with stochastic customer required lead times ⋮ A review of revenue management: recent generalizations and advances in industry applications ⋮ A survey on risk-averse and robust revenue management ⋮ Improved delivery policies for future drone-based delivery systems ⋮ Revenue management approach to due date quoting and scheduling in an assemble-to-order production system ⋮ Value chain management for commodities: a case study from the chemical industry

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