Dynamic pricing and replenishment: Optimality, bounds, and asymptotics

In many applications, managers face the problem of replenishing and selling products during a finite time horizon. We investigate the problem of making dynamic and joint decisions on product replenishment and selling in order to improve profit. We consider a backlog scenario in which penalty cost (r...

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Veröffentlicht in:	Naval research logistics 2018-02, Vol.65 (1), p.3-25
1. Verfasser:	Xiao, Yongbo
Format:	Artikel
Sprache:	eng
Schlagworte:	asymptotic optimality Decisions dynamic pricing Dynamic programming heuristic policies Horizon inventory replenishment Market prices Optimization Policies Replenishment revenue management Upper bounds
Online-Zugang:	Volltext
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