Li, Tingting; Zhao, Xiaobo; Xie, Jinxing - In: Journal of the Operational Research Society 66 (2015) 3, pp. 488-499
This paper studies the inventory management problem of dual channels operated by one vendor. Demands of dual channels are inventory-level-dependent. We propose a multi-period stochastic dynamic programming model which shows that under mild conditions, the myopic inventory policy is optimal for...
