Joint determination of sales lever and inventory control with uncertain demand.
Assuming that all unmet demand is fully lost, we begin our study by confining the sales lever to be price only, that is, z = p , and ignoring the cost for executing the sales lever. Given a stationary (s, S, p) policy, we find that the profit function for the lost-sales case exhibits the same struct...
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| Format: | Others |
| Language: | English Chinese |
| Published: |
2006
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| Online Access: | http://library.cuhk.edu.hk/record=b6074203 http://repository.lib.cuhk.edu.hk/en/item/cuhk-343832 |