Optimal dynamic pricing and production policy for a stochastic inventory system with perishable products and inventory-level-dependent demand

DOI10.3934/jimo.2023050OpenAlexW4381610709MaRDI QIDQ6059572

Xuxiang Luo, Yuqing Chu

Publication date: 2 November 2023

Published in: Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/jimo.2023050

zbMATH Keywords

stochastic optimal controlHJB equationdynamic pricingperishable productsproduction-inventory system

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Stochastic scheduling theory in operations research (90B36) Dynamic programming (90C39)

Cites Work

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• Dynamic pricing and periodic ordering for a stochastic inventory system with deteriorating items
• Optimal dynamic pricing and ordering of a perishable product under additive effects of price and time on demand
• An inventory model for Weibull deterioration with stock and price dependent demand
• Review of inventory systems with deterioration since 2001
• Coordinated pricing and inventory decisions for perishable products
• Dynamic joint pricing and production policy for perishable products
• Optimal Pricing and Production Control in an Assembly System With a General Stockout Cost
• Recent trends in modeling of deteriorating inventory

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