<p>Optimal pricing and inventory control strategy for a continuous-review system with product return</p>

doi:10.1016/j.orl.2022.03.002

CSpace > 应用数学研究所

	Optimal pricing and inventory control strategy for a continuous-review system with product return
	Cao, Ping 1; Yao, Dacheng2,3
	2022-05-01
发表期刊	OPERATIONS RESEARCH LETTERS
ISSN	0167-6377
卷号	50 期号:3 页码:295-302
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.
关键词	Inventory Pricing Product return Point process demand (s, S, p) policy
DOI	10.1016/j.orl.2022.03.002
收录类别	SCI
语种	英语
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
WOS类目	Operations Research & Management Science
WOS记录号	WOS:000789369200002
出版者	ELSEVIER
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/60361
专题	应用数学研究所
通讯作者	Yao, Dacheng
作者单位	1.Univ Sci & Technol China, Sch Management, Hefei 230026, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, CEMS, MADIS, Beijing 100190, Peoples R China 3.Univ Chinese Acad Sci, Sch Math Sci, Beijing 100049, 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.