(s, S) optimality in joint inventory-pricing control:: An alternate approach
成果类型：
Article
署名作者：
Huh, Woonghee Tim; Janakiraman, Ganesh
署名单位：
Columbia University; New York University
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.1070.0462
发表日期：
2008
页码：
783-790
关键词：
摘要：
We study a stationary, single-stage inventory system, under periodic review, with fixed ordering costs and multiple sales levers (such as pricing, advertising, etc.). We show the optimality of (s, S)-type policies in these settings under both the backordering and lost-sales assumptions. Our analysis is constructive and is based on a condition that we identify as being key to proving the (s, S) structure. This condition is entirely based on the single-period profit function and the demand model. Our optimality results complement the existing results in this area.