Article ID: | iaor2012371 |
Volume: | 34 |
Issue: | 1 |
Start Page Number: | 243 |
End Page Number: | 271 |
Publication Date: | Jan 2012 |
Journal: | OR Spectrum |
Authors: | Wei Ying |
Keywords: | combinatorial optimization, demand, decision: rules, inventory: order policies |
This paper studies a periodic review dynamic pricing and inventory control problem with fixed ordering cost included. Demand is uncertain and price‐sensitive in a general form. At the end of each period, all unmet demand is lost. We focus on the optimization and optimality of an (