Abstract

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.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.