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Optimal dynamic pricing and inventory control with stock deterioration and partial backordering

Research output: Contribution to Journal/Magazine › Journal article › peer-review

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  • Zhan Pang
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<mark>Journal publication date</mark>09/2011
<mark>Journal</mark>Operations Research Letters
Issue number5
Volume39
Number of pages5
Pages (from-to)375-379
Publication StatusPublished
<mark>Original language</mark>English

Abstract

This paper studies the optimal dynamic pricing and inventory control policies in a periodic-review inventory system with fixed ordering cost and additive demand. The inventory may deteriorate over time and the unmet demand may be partially backlogged. We identify two sufficient conditions under which (s,S,p) policies are optimal.