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WEI Yi-hua(1);HU Qi-ying(2)
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Abstract: This paper discusses the inventory, pricing and capacity strategies of a single item with periodic review. By using the Markov Decision Process, the finite horizon inventory, pricing and capacity expansion problem is discussed, whose optimal strategy is obtained. We also discuss the problem in infinie horizon.
Key words: pricing, Markov decision process, inventory theory, capacity expansion
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WEI Yi-hua(1);HU Qi-ying(2). A multi-period model combining pricing, inventory and capacity expansion[J].J4, 2005, 32(1): 133-138.
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URL: https://journal.xidian.edu.cn/xdxb/EN/
https://journal.xidian.edu.cn/xdxb/EN/Y2005/V32/I1/133
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