Coordinating inventory control and pricing strategies: The continuous review model

被引:82
作者
Chen, X
Simchi-Levi, D
机构
[1] Univ Illinois, Dept Mech & Ind Engn, Urbana, IL 61801 USA
[2] MIT, Engn Syst Div, Cambridge, MA 02139 USA
[3] MIT, Dept Civil & Environm Engn, Cambridge, MA 02139 USA
基金
美国国家科学基金会;
关键词
inventory; pricing; stochastic; continuous review; fixed cost;
D O I
10.1016/j.orl.2005.04.012
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
We analyze an infinite horizon, single product, continuous review model in which pricing and inventory decisions are made simultaneously and ordering cost includes a fixed cost. We show that there exists a stationary (s, S) inventory policy maximizing the expected discounted or expected average profit under general conditions. (c) 2005 Elsevier B.V. All rights reserved.
引用
收藏
页码:323 / 332
页数:10
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