Profit optimization with a power-law adjustable coefficient for zero ending inventories dynamic pricing model, stochastic demand, and fixed lifetime product

We consider a single product with a fixed lifetime and price sensitive intensity of a Poisson customers flow. A model with a power adjustable coefficient of a dynamic retail price control through the intensity of the demand is considered providing almost surely zero ending inventories at the end of...

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Bibliographic Details
Published in:IFAC-PapersOnLine Vol. 55, № 10. P. 1793-1797
Main Author: Kitaeva, Anna V.
Other Authors: Stepanova, Natalia V., Zhukovsky, Oleg I.
Format: Article
Language:English
Subjects:
Online Access:http://vital.lib.tsu.ru/vital/access/manager/Repository/koha:001015527
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