Optimal pricing and inventory control strategy for a continuous-review system with product return
文献类型：期刊论文
| 作者 | Cao, Ping3; Yao, Dacheng1,2
|
| 刊名 | OPERATIONS RESEARCH LETTERS
 |
| 出版日期 | 2022-05-01 |
| 卷号 | 50期号:3页码:295-302 |
| 关键词 | Inventory Pricing Product return Point process demand (s, S, p) policy |
| ISSN号 | 0167-6377 |
| DOI | 10.1016/j.orl.2022.03.002 |
| 英文摘要 | We consider joint pricing and inventory control strategies for a stochastic inventory system with product return. Customer's demand and product return follow independent point processes with demand rate being price-dependent. Using a general verification theorem, we prove that an (s*, S*, p*) policy is optimal, where the optimal price p*(x) is a quasi-concave function of inventory level with a nonpositive changeover point. Furthermore, we propose an algorithm to search for the optimal policy parameters and numerically study the effect of product return. (C)& nbsp;2022 Elsevier B.V. All rights reserved. |
| 资助项目 | National Natural Sci-ence Foundation of China[11771432] ; National Natural Sci-ence Foundation of China[72122019] ; National Natural Sci-ence Foundation of China[71771202] |
| WOS研究方向 | Operations Research & Management Science |
| 语种 | 英语 |
| WOS记录号 | WOS:000789369200002 |
| 出版者 | ELSEVIER |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/60360]  |
| 专题 | 应用数学研究所 |
| 通讯作者 | Yao, Dacheng |
| 作者单位 | 1.Univ Chinese Acad Sci, Sch Math Sci, Beijing 100049, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, CEMS, MADIS, Beijing 100190, Peoples R China 3.Univ Sci & Technol China, Sch Management, Hefei 230026, Peoples R China |
| 推荐引用方式 GB/T 7714 |
Cao, Ping,Yao, Dacheng. Optimal pricing and inventory control strategy for a continuous-review system with product return [J]. OPERATIONS RESEARCH LETTERS,2022,50(3):295-302. |
| APA |
Cao, Ping,&Yao, Dacheng.(2022). Optimal pricing and inventory control strategy for a continuous-review system with product return .OPERATIONS RESEARCH LETTERS,50(3),295-302. |
| MLA |
Cao, Ping,et al." Optimal pricing and inventory control strategy for a continuous-review system with product return ".OPERATIONS RESEARCH LETTERS 50.3(2022):295-302. |
入库方式： OAI收割
来源：数学与系统科学研究院
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