Journal
OPERATIONS RESEARCH LETTERS
Volume 40, Issue 2, Pages 99-107Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.orl.2011.12.002
Keywords
Stochastic inventory system; Finite ordering capacity; Optimal pricing decision; Strong CK-concavity
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Funding
- NSF [CMMI-0800004, CMMI-0927631, CMMI-1131249]
- Directorate For Engineering [1131249] Funding Source: National Science Foundation
- Directorate For Engineering
- Div Of Civil, Mechanical, & Manufact Inn [0927631] Funding Source: National Science Foundation
- Div Of Civil, Mechanical, & Manufact Inn [1131249] Funding Source: National Science Foundation
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We study a dynamic inventory and pricing optimization problem in a periodic review inventory system with setup cost and finite ordering capacity in each period. We show that the optimal inventory control is characterized by an (s. s'. p) policy in four regions of the starting inventory level. (C) 2011 Elsevier B.V. All rights reserved.
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