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We study energy consumption and inventory control in a make-to-stock manufacturing system. We consider a Markovian system with a single server. The server consumes energy, and the associated energy cost depends on the server state: a busy server consumes more power than an idle server does, and...
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This paper discusses a prescriptive analytics approach to solving a joint markdown pricing and inventory allocation optimization problem under demand parameter uncertainty. We consider a retailer capable of price differentiation among multiple customer groups with different demand parameters...
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