Dong, Lingxiu; Kouvelis, Panos; Tian, Zhongjun - In: Manufacturing & Service Operations Management 11 (2009) 2, pp. 317-339
We study dynamic pricing and inventory control of substitute products for a retailer who faces a long supply lead time and a short selling season. Within a multinomial logit model of consumer choice over substitutes, we develop a stochastic dynamic programming formulation and derive the optimal...