an:05780099
Zbl 1193.90020
Chen, Zhiyuan; Yang, Yi
Optimality of \((s,S,p)\) policy in a general inventory-pricing model with uniform demands
EN
Oper. Res. Lett. 38, No. 4, 256-260 (2010).
00263415
2010
j
90B05
dynamic pricing; uniform distribution; quasi-\(k\)-concavity
Summary: We consider a single-product, periodic-review inventory model, in which pricing and ordering decisions are made simultaneously over finite horizon. Demands follow uniform distributions and depend on the price. Ordering cost includes setup cost and variable cost. We show that an \((s,S,p)\) policy is optimal.