In this article, we study a multi-period multi-product inventory control problem. In the problem, there are N inventory classes which can be substituted for one another to satisfy the demand for a given reservation class (perhaps at a cost). The objective of management is to jointly determine...

This paper concerns the joint management problem of production control and dynamic pricing to balance the finished goods inventory and market demand in a make-to-stock manufacturing system using a long-run average profit criterion. In the system, the production rate is random, with a...

In this article, we study a multi-period multi-product inventory control problem. In the problem, there are N inventory classes which can be substituted for one another to satisfy the demand for a given reservation class (perhaps at a cost). The objective of management is to jointly determine...

This paper concerns the joint management problem of production control and dynamic pricing to balance the finished goods inventory and market demand in a make-to-stock manufacturing system using a long-run average profit criterion. In the system, the production rate is random, with a...