It is important for companies to manage their revenues and -reduce their costs efficiently. These goals can be achieved through effective pricing and inventory control strategies. This thesis studies a joint multi-period pricing and inventory control problem for a make-to-stock manufacturing system. Multiple products are produced under shared production capacity over a finite time horizon. The ...

In this paper, we consider stock rationing problem of a single-item make-to-stock production/inventory system with multiple demand classes. Demand arrives as a Poisson process with a randomly distributed batch size. It is assumed that the batch demand can be partially satisfied. The facility can produce a batch up to a certain capacity at the same time. Production time follows an exponential di...

A common and important problem in business is the determination of inventory policies for a production system within a changing business environment and market demand. In this paper, an automatic pipeline feedback order-based production control system (APIOBPCS), considering a demand with cyclic and stochastic components, is proposed. The dynamics and delays of the production process are modele...

In this paper, we consider a joint dynamic pricing and production policy for stochastic inventory system with perishable products. The demand is dependent on the price level of on-hand inventory. Combined control, optimization model that maximizes total discounted profit built. Applying optimal control theory, formulate problem finding schedule as solving Hamilton-Jacobi-Bellman (HJB) equation....

We consider a make-to-stock production-inventory model with one machine that produces stock in a buffer. The machine is subject to breakdowns. During up periods, the machine fills the buffer at a level-dependent rate α(x) > 0. During down periods, the production rate is zero, and the demand rate is either β(x) > 0 or γ(x) > 0 when the inventory level is x; which of the two demand rates applies ...

Advance Demand Information can improve the performance of production/inventory systems with random demand considerably. However, to exploit the potential of such information, replenishment policies must be adapted to the available information. We explore the impact and the benefits of Advance Demand Information under optimal replenishment policies for two different supply chain structures, one ...

This paper considers the impact of random machine breakdowns on the classical Economic Production Quantity (EPQ) model for a product subject to exponential decay and under a no-resumption (NR) inventory control policy. A product is manufactured in batches on a machine that is subject to random breakdowns in order to meet a constant demand over an infinite planning horizon. The product is assume...