Nonparametric Learning Algorithms for Joint Pricing and Inventory Control with Lost Sales and Censored Demand

DOI10.1287/moor.2020.1084zbMath1471.90169OpenAlexW3133359004MaRDI QIDQ5000652

Cong Shi, Xiuli Chao, Boxiao Chen

Publication date: 15 July 2021

Published in: Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/moor.2020.1084

zbMATH Keywords

lost salesjoint pricing and inventory controlcensored demandnonparametric algorithm

Mathematics Subject Classification ID

Asymptotic properties of nonparametric inference (62G20) Management decision making, including multiple objectives (90B50) Approximation methods and heuristics in mathematical programming (90C59) Inventory, storage, reservoirs (90B05)

Related Items (max. 100)

Dynamic Inventory Control with Fixed Setup Costs and Unknown Discrete Demand Distribution

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Solving operational statistics via a Bayesian analysis
• A practical inventory control policy using operational statistics
• Combined Pricing and Inventory Control Under Uncertainty
• The Sample Average Approximation Method for Stochastic Discrete Optimization
• The Data-Driven Newsvendor Problem: New Bounds and Insights
• Coordinating Inventory Control and Pricing Strategies for Perishable Products
• Close the Gaps: A Learning-While-Doing Algorithm for Single-Product Revenue Management Problems
• Adaptive Data-Driven Inventory Control with Censored Demand Based on Kaplan-Meier Estimator
• General Bounds and Finite-Time Improvement for the Kiefer-Wolfowitz Stochastic Approximation Algorithm
• Dynamic Pricing with an Unknown Demand Model: Asymptotically Optimal Semi-Myopic Policies
• Dynamic Pricing for Nonperishable Products with Demand Learning
• Dynamic Pricing Without Knowing the Demand Function: Risk Bounds and Near-Optimal Algorithms
• Dynamic Pricing with a Prior on Market Response
• An Adaptive, Distribution-Free Algorithm for the Newsvendor Problem with Censored Demands, with Applications to Inventory and Distribution
• Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions
• Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales
• Dynamic Pricing Under a General Parametric Choice Model
• A Nonparametric Asymptotic Analysis of Inventory Planning with Censored Demand
• An Adaptive Algorithm for Finding the Optimal Base-Stock Policy in Lost Sales Inventory Systems with Censored Demand
• (s, S) Optimality in Joint Inventory-Pricing Control: An Alternate Approach
• Optimal pricing and inventory control policy in periodic-review systems with fixed ordering cost and lost sales
• Dynamic Pricing and Learning with Finite Inventories
• Robust Stochastic Approximation Approach to Stochastic Programming
• Myopic Solutions of Markov Decision Processes and Stochastic Games
• Pricing and the Newsvendor Problem: A Review with Extensions
• Blind Network Revenue Management
• Technical Note—Perishable Inventory Systems: Convexity Results for Base-Stock Policies and Learning Algorithms Under Censored Demand
• Coordinating Pricing and Inventory Replenishment with Nonparametric Demand Learning
• A Data-Driven Functionally Robust Approach for Simultaneous Pricing and Order Quantity Decisions with Unknown Demand Function
• Online Network Revenue Management Using Thompson Sampling
• Technical Note—Optimal Dynamic Joint Inventory-Pricing Control for Multiplicative Demand with Fixed Order Costs and Lost Sales
• Nonparametric Self-Adjusting Control for Joint Learning and Optimization of Multiproduct Pricing with Finite Resource Capacity
• Dynamic Pricing with Multiple Products and Partially Specified Demand Distribution
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Finite Horizon Case
• Provably Near-Optimal Sampling-Based Policies for Stochastic Inventory Control Models
• Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case
• Learning Algorithms for Separable Approximations of Discrete Stochastic Optimization Problems
• Technical Note—Nonparametric Data-Driven Algorithms for Multiproduct Inventory Systems with Censored Demand

This page was built for publication: Nonparametric Learning Algorithms for Joint Pricing and Inventory Control with Lost Sales and Censored Demand