Dynamic Inventory and Pricing Policy with Ordering and Price Adjustment Cost

DOI

10.2991/icetms.2013.266How to use a DOI?

Keywords

optimization; ordering cost; price adjustment cost.

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.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Baimei Yang
PY  - 2013/06
DA  - 2013/06
TI  - Dynamic Inventory and Pricing Policy with Ordering and Price Adjustment Cost
BT  - Proceedings of the 2013 Conference on Education Technology and Management Science (ICETMS 2013)
PB  - Atlantis Press
SP  - 980
EP  - 983
SN  - 1951-6851
UR  - https://doi.org/10.2991/icetms.2013.266
DO  - 10.2991/icetms.2013.266
ID  - Yang2013/06
ER  -