Article ID: | iaor20121922 |
Volume: | 40 |
Issue: | 2 |
Start Page Number: | 99 |
End Page Number: | 107 |
Publication Date: | Mar 2012 |
Journal: | Operations Research Letters |
Authors: | Chao Xiuli, Xu Yifan, Yang Baimei |
Keywords: | combinatorial optimization, programming: dynamic, inventory: order policies |
We study a dynamic inventory and pricing optimization problem in a periodic review inventory system with setup cost and finite ordering capacity in each period. We show that the optimal inventory control is characterized by an