Combined Pricing and Inventory Control Under Uncertainty
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Summary
This paper addresses the simultaneous determination of pricing and inventory replenishment strategies in the face of demand uncertainty by analyzing the following single item, periodic review model.
- Type
- article
- Published
- 1999-03-01
- Cited by
- 706
- References
- 46
- OpenAlex
- https://openalex.org/W2069855826
- Semantic Scholar
- https://api.semanticscholar.org/CorpusID:15001066
Keywords
Stockout, Inventory control, Mathematical optimization, Profit (economics), Computer science
References
- Stochastic models in operations research
- A Bayesian Approach to the Production of Information and Learning by Doing
- The value iteration method for countable state Markov decision processes
- Monopoly and Uncertainty
- Periodic Pricing of Seasonal Products in Retailing
- A dynamic, nonstationary inventory problem for a price/quantity setting firm
- Dynamic Pricing and Ordering Decisions by a Monopolist
- Price Smoothing and Inventory
- Stochastic Inventory Models with Limited Production Capacity and Periodically Varying Parameters
- Actively Learning about Demand and the Dynamics of Price Adjustment
- Monopoly with random demand
- Multiperiod monopoly under uncertainty
- Stochastic Models in Operations Research, Volume II. Stochastic Optimization (Daniel P. Heyman and Matthew J. Sobel)
- Optimal dynamic pricing of inventories with stochastic demand over finite horizons
- On the Opimality of ( s,S ) Inventory Policies: New Conditions and a New Proof
- Nonlinear Pricing to Produce Information
- A Stochastic Theory of the Firm
- A two-armed bandit theory of market pricing
- Analysis of supply contracts with total minimum commitment
- Price dispersion and incomplete learning in the long run
Cited by
- Three essays on stochastic optimization applied in financial engineering and inventory management
- Revenue Management in Multi-Firm, Multi-Product Price Competition
- Essays on Risk Mitigation Methods in Global Supply Chain Management
- Dynamic Decision-Making in a Decentralized Price-Setting Supply Chain
- Incorporating Price and Inventory Endogeneity in Firm-Level Sales Forecasting
- Pricing and Replenishment Decisions in a Continuous Review Inventory System under (r, Q) Policy
- Essays on optimization and system design in service and supply chain management
- Pricing and revenue management: present and trends
- Joint Bidding and Procurement Strategies under Price Volatility
- Optimal Production Control under Uncertainty with Revenue Management Considerations.
- Dynamic Pricing and Inventory Management under Network Externalities
- Matching Supply And Demand Using Dynamic Quotation Strategies
- Pricing and Inventory Management
- Intelligence Integration in Distributed Knowledge Management
- Supply chain structures : coordination, information and optimization
- Joint pricing-procurement control under fluctuating raw material costs
- A price-setting newsvendor problem under mean-variance criteria
- The plant size problem and monopoly pricing
- Incorporating the Customer's Perspective into the Newsvendor Problem
- Optimal policies for inventory models with multiple demand classes
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