An optimal inventory pricing and ordering strategy subject to demand dependent on stock level and price

Article English OPEN
Tsoularis, A;
(2015)
  • Subject:
    arxiv: Computer Science::Computer Science and Game Theory

This article considers the deterministic singular optimal control problem of profit maximisation for inventory replenished at a variable rate and depleted by demand which is assumed to vary with price and stock availability. Optimal policies for the product order rate a... View more
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