The paper shows that taking inventory control out of the hands of competitive or exclusive retailers and assigning it … to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is … because doing so solves incentive distortions that arise when retailers have to allocate inventory across sales periods, and …

The paper shows that taking inventory control out of the hands of competitive of exclusive retailers and assigning it … to a manufacturer increases the value of a supply chain especially for goods whose demand is highly volatile. This is … because doing so solves incentive distortions that arise when retailers have to allocate inventory across sales periods, and …

dealing with product inventory planning are seeking proper management strategies not only to increase profits but also to … selling price and storage time. Moreover, to make the present inventory planning more realistic, the unit holding cost … function is adopted as a power function of the inventory unit's storage period. The goal of this study is to provide the best …

exploration interval to estimate substitution probabilities. Since raising inventory level helps obtain primary demand information … but hinders substitution demand information, inventory decisions have to be carefully balanced to learn both of them. We …We consider an inventory control problem with multiple products and stockout substitution. The firm knows neither the …

This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … structural (general) demand function. They obtain an original pricing rule, which explicitly accounts for the impact of price and … inventory on future profits. The dynamics of price do not have to imitate the dynamics of the reference price. Instead, the …

This article presents a dynamic pricing model of a retailer selling an inventory, accounting for consumer behavior. The … structural (general) demand function. The authors obtain an original pricing rule, which explicitly accounts for the impact of … price and inventory on future profits. The dynamics of price do not have to imitate the dynamics of the reference price …

We consider a firm that sells a product over T periods without knowing the demand function. The firm sequentially sets … prices to earn revenue and to learn the underlying demand function simultaneously. In practice, this problem is commonly … solved via greedy iterative least squares (GILS). At each time period, GILS estimates the demand as a linear function of the …

the optimal pricing and inventory control policy under complete demand information. The theoretical lower bound for …We consider a joint pricing and inventory control problem where pricing can be adjusted more frequently, such as every … period, than inventory ordering decisions, which are made every epoch that consists of multiple periods. This is motivated by …

potentially applied to solve other inventory or censored demand type problems that involve learning …We study the fundamental model in joint pricing and inventory replenishment control under the learning …-while-doing framework, with T consecutive review periods and the firm not knowing the demand curve a priori. At the beginning of each period …

period, the firm determines its selling price and inventory replenishment quantity, but it knows neither the form of demand … learning and action in a sense that the firm actively experiments on pricing and inventory levels to collect demand information …. Demand in each period is stochastic and price-dependent, and unsatisfied demands are backlogged. At the beginning of each …