Single Period Inventory Control and Pricing
The price-setting newsvendor model is used to address the single period joint pricing and inventory control problem. The objective is to set the optimal price and replenishment quantity of a single product in order to maximize the expected profit. Products with a short selling season and relatively...
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| Format: | Online |
| Language: | English |
| Published: |
Peter Lang International Academic Publishers
2021
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| Subjects: | |
| Online Access: | 1003180 |
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