We propose a model where customers are classified into two groups: short lead-time customers who require the product immediately and long lead-time customers to whom the supplier may deliver either immediately or in the next cycle. Unmet orders are backlogged with associated costs. Specifically,...

We consider the problem of joint inventory and pricing control in a finite-horizon setting with Poisson demand, positive lead time, and lost sales. We study the performance of a lead time independent heuristic control, which we call Dynamic Batch Pricing (DBP), and show that it is asymptotically...

We consider the reorder point, order quantity inventory model where the demand, D, and the lead time, L, are independently and identically distributed (iid) randiom variables. This model is analytically intractable because of order crossover. However, we show how to resolve the intractability by...