Dynamic Inventory and Pricing Policy with Ordering and Price Adjustment Cost
In this paper, we study a dynamic inventory control and pricing optimization problem in a periodic review inventory system with fixed ordering cost and price adjustment cost.At the same time, the ordering quantity is limited.We show that the optimal inventory control is partially characterized by an (s, s, p) policy in four regions, and the optimal pricing policy is dependent on the inventory level after the replenishment decision.
optimization ordering cost price adjustment cost
Baimei Yang
School of Business Shanghai Dianji University Shanghai City,China
国际会议
南京
英文
161-164
2013-06-08(万方平台首次上网日期,不代表论文的发表时间)