Article ID: | iaor20062430 |
Country: | Netherlands |
Volume: | 34 |
Issue: | 3 |
Start Page Number: | 323 |
End Page Number: | 332 |
Publication Date: | May 2006 |
Journal: | Operations Research Letters |
Authors: | Simchi-Levi David, Chen Xin |
Keywords: | stochastic processes |
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 (