Dynamic pricing with capacity constraints and inventory replenishment
نویسندگان
چکیده
منابع مشابه
Integrating Dynamic Pricing and Replenishment Decisions Under Supply Capacity Uncertainty
This paper examines an integrated decision-making process regarding pricing for uncertain demand and sourcing from uncertain supply, which are often studied separately in the literature. Our analysis of the integrated system suggests that the base stock list price policy fails to achieve optimality even under deterministic demand. Instead, the optimal policy is characterized by two critical val...
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We consider dynamic pricing and replenishment decisions for a production/inventory system modeled by a make-to-stock queue. The potential customer demand is generated by a MarkovModulated (environment-dependent) Poisson process and the actual demand depends on the price offered at the time of the transaction. Using a Markov Decision Process framework, we obtain results on the structure of the o...
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We study an inventory system that supplies price-sensitive demand modeled by Brownian motion, focusing on the optimal pricing and inventory replenishment decisions, under both long-run average and discounted objectives. Analytical solutions are obtained in all cases, and related to or contrasted against previously known results. In addition, we bring out the interplay between the pricing and th...
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A periodic-review, random-demand inventory model is analyzed under the assumption that replenishment quantities are random fractions of the amounts ordered. Results of a previous study of a single-period model are generalized to form an easily computed heuristic adaptation of the (s, S) policy for use in this environment. The heuristic is based on the simple practice of scaling down pipeline in...
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ژورنال
عنوان ژورنال: Mathematics for Application
سال: 2015
ISSN: 1805-3610,1805-3629
DOI: 10.13164/ma.2014.11