A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2008; you can also visit the original URL.
The file type is application/pdf
.
(s, S) Optimality in Joint Inventory-Pricing Control: An Alternate Approach
2008
Operations Research
We study a stationary, single-stage inventory system, under periodic review, with fixed ordering costs and multiple sales levers (such as pricing, advertising, etc.). We show the optimality of s S -type policies in these settings under both the backordering and lost-sales assumptions. Our analysis is constructive and is based on a condition that we identify as being key to proving the s S structure. This condition is entirely based on the single-period profit function and the demand model. Our
doi:10.1287/opre.1070.0462
fatcat:7d7b3vsyazgrvlxcrqlud4ejoa