Joint pricing and inventory control with a Markovian demand model

DOI10.1016/J.EJOR.2006.06.054zbMATH Open1127.90004OpenAlexW2089828839MaRDI QIDQ879289FDOQ879289

Authors: Rui Yin, Kumar Rajaram 

Publication date: 11 May 2007

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2006.06.054

Recommendations

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• Coordinating pricing and inventory control in a fluctuating environment
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• Optimal dynamic joint inventory-pricing control for multiplicative demand with fixed order costs and lost sales

zbMATH Keywords

joint pricing and inventory controlMarkovian demandoptimal feedback policy

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Cites Work

• Title not available (Why is that?)
• Dynamic pricing in the presence of inventory considerations: research overview, current practices, and future directions
• Optimal pricing and inventory control policy in periodic-review systems with fixed ordering cost and lost sales
• Inventory Control in a Fluctuating Demand Environment
• On the Opimality of $( {s,S} )$ Inventory Policies: New Conditions and a New Proof
• The theory and practice of revenue management
• Combined pricing and inventory control under uncertainty
• Pricing and the Newsvendor Problem: A Review with Extensions
• Title not available (Why is that?)
• Optimality of (s, S) Policies in Inventory Models with Markovian Demand
• Resource Flexibility with Responsive Pricing
• Inventory models with Markovian demands and cost functions of polynomial growth
• Title not available (Why is that?)
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case
• Optimal control policies for a periodic review inventory system with emergency orders
• A Stochastic Theory of the Firm
• Optimal policies under different pricing strategies in a production system with Markov-modulated demand

Cited In (14)

• Joint optimization of pricing and inventory control for dual-channel problem under stochastic demand
• Optimal markdown pricing strategy with demand learning
• Dynamic pricing in a production system with multiple demand classes
• Coordinating pricing and inventory control in a fluctuating environment
• Time-dependent and independent control rules for coordinated production and pricing under demand uncertainty and finite planning horizons
• Managing an integrated production and inventory system selling to a dual market: long-term and walk-in
• Joint replenishment and pricing for inventory system with random supply and Markov-modulated demand
• Technical note -- Static pricing: universal guarantees for reusable resources
• Joint pricing and inventory replenishment decisions with returns and expediting under reference price effects
• Continuous \((s,S)\) policy with MMPP correlated demand
• Pricing and inventory control strategy for a periodic-review energy buy-back system
• Joint pricing and inventory replenishment decisions with returns and expediting
• Integrating inventory control and a price change in the presence of reference price effects: a two-period model
• An online algorithm for the inventory retrieval problem with an uncertain selling duration, uncertain prices, and price-dependent demands

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