Dynamic vs static pricing in a make-to-stock queue with partially controlled production

DOI10.1007/S00291-006-0049-0zbMath1134.90046OpenAlexW2060451128MaRDI QIDQ2460075

Yves Dallery, Jean-Philippe Gayon

Publication date: 14 November 2007

Published in: OR Spectrum (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00291-006-0049-0

zbMATH Keywords

Markov decision processDynamic pricingMake-to-stock queueStatic pricing

Mathematics Subject Classification ID

Decision theory (91B06) Production models (90B30) Microeconomic theory (price theory and economic markets) (91B24) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (4)

Control of a production-inventory system with returns under imperfect advance return information ⋮ Time-dependent and independent control rules for coordinated production and pricing under demand uncertainty and finite planning horizons ⋮ Licensing to a competitor and strategic royalty choice in a dynamic duopoly ⋮ OPTIMAL DYNAMIC PRICING FOR USED PRODUCTS IN REMANUFACTURING OVER AN INFINITE HORIZON

Cites Work

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• Quantitative models for reverse logistics: A review
• Structural results for the control of queueing systems using event-based dynamic programming
• An infinite horizon inventory model with periodic order commitment
• Revenue Management: Research Overview and Prospects
• Technical Note—An Equivalence Between Continuous and Discrete Time Markov Decision Processes
• Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions
• A Stochastic Theory of the Firm
• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons

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