We consider a classic periodic-review perishable inventory system with a fixed product lifetime and zero replenishment lead time under a first-in-first-out issuance policy. Unsatisfied demand can be either lost or backlogged. The objective is to minimize the long-run average holding, penalty and...

We consider a joint control of pricing and production in a two-item inventory system, where each item can be produced by its dedicated source or a shared flexible source, under the lost-sales setting. The demands of the two items are correlated. Due to the complexity caused by the lost-sales...