In many industries, managers face the problem of selling a given stock of items by a deadline. We investigate the problem of dynamically pricing such inventories when demand is price sensitive and stochastic and the firm's objective is to maximize expected revenues. Examples that fit this...

An effective scheduling policy known as the Dynamic Cycle Lengths Heuristic was introduced by Leachman and Gascon in 1988 for the multi-item, single-machine production system facing stochastic, time-varying demands. In this article we develop a heuristic scheduling policy for the multi-machine...