Optimal dynamic pricing and inventory control with stock deterioration and partial backordering

Operations Research Letters

Volumn 39, Issue 5, 2011, Pages 375-379

  Pang, Zhan ^a  

^a LANCASTER UNIVERSITY   (United Kingdom)

Author keywords

Dynamic pricing; Dynamic programming; Inventory control

Indexed keywords

COSTS; INVENTORY CONTROL;

ADDITIVE DEMANDS; DYNAMIC PRICING; FIXED ORDERING COSTS; INVENTORY CONTROL POLICIES; OPTIMAL DYNAMIC PRICING; PARTIAL BACKORDERING; PERIODIC-REVIEW INVENTORY SYSTEMS;

DYNAMIC PROGRAMMING;

EID: 80052586190     PISSN: 01676377     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.orl.2011.06.009     Document Type: Article

References (18)

1. F.Y. Chen, S. Ray, and Y. Song Optimal pricing and inventory control policy in periodic-review systems with fixed ordering cost and lost sales Naval Res. Logist. 53 2 2006 117 136
2. X. Chen, and D. Simchi-Levi Coordinating inventory control and pricing strategies with random demand and fixed ordering cost: the finite horizon case Oper. Res. 52 6 2004 887 896 (Pubitemid 40122349)
3. X. Chen, D. Simchi-Levi, Pricing and inventory management, in: zalp zer and Robert Philips (Eds), Oxford Handbook of Pricing Management, Oxford University Press, Oxford, UK.
4. X. Chen, Y. Zhang, and S.X. Zhou Preservation of quasi-K-concavity and its applications Oper. Res. 58 4 2010 1012 1016
5. Z. Chen, and Y. Yang Optimality of (s, S, p) policy in a general inventory-pricing model with uniform demands Oper. Res. Lett. 38 4 2010 256 260
6. F. de Véricourt, and M.S. Lobo Resource and revenue management in nonprofit operations Oper. Res. 57 5 2009 1114 1128
7. W. Elmaghraby, and P. Keskinocak Dynamic pricing in the presence of inventory considerations: research overview, current practices, and future directions Manage. Sci. 49 10 2003 1287 1309
8. A. Federgruen, and A. Heching Combined pricing and inventory control under uncertainty Oper. Res. 47 3 1999 454 475
9. W. Huh, and G. Janakiraman (s, S) optimality in joint inventory-pricing control: an alternate approach Oper. Res. 56 3 2008 783 790
10. A. Kocabiyikoglu, and I. Popescu An elasticity approach on the newsvendor with price sensitive demand Oper. Res. 59 2 2011 301 312
11. Z. Pang, Optimality of base-stock list-price policies in lost-sales inventory models with non-stationary demand, Working Paper, Lancaster University, Lancaster, UK, 2010.
12. H. Polatoglu, and I. Sahin Optimal procurement policies under price-dependent demand Int. J. Prod. Econ. 65 2000 141 171 (Pubitemid 30588252)
13. E.L. Porteus Foundations of Stochastic Inventory Theory 2002 Stanford University Press Stanford, CA
14. H. Scarf The optimality of (S, s) policies in the dynamic inventory problem K. Arrow, S. Karlin, H. Scarf, Math. Methods in the Social Sci. 1960 Stanford University Press Stanford, CA
15. Y. Song, S. Ray, and T. Boyaci Optimal dynamic joint inventory-pricing control for multiplicative demand with fixed order costs and lost sales Oper. Res. 57 1 2009 245 250
16. D.M. Topkis Supermodularity and Complementarity 1998 Princeton University Press Princeton, NJ
17. A. Veinott Jr. Optimal policy in a dynamic, single product, nonstationary inventory model with several demand classes Oper. Res. 13 5 1965 761 778
18. T.M. Whitin Inventory control and price theory Manage. Sci. 2 1 1955 61 68