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We consider the problem of joint inventory and pricing control in a finite-horizon setting with Poisson demand, positive lead time, and lost sales. We study the performance of a lead time independent heuristic control, which we call Dynamic Batch Pricing (DBP), and show that it is asymptotically...
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We consider a multi-period Newsvendor problem where the seller decides the initial inventory level and dynamically sets the prices in every periods. A purchase made in a period can be returned at a (random) future period following a return time distribution. Unlike existing works in the...
Persistent link: https://www.econbiz.de/10012838364