Weight function optimization of dynamic pricing profit for perishable product: Considering leftovers and salvage value
We consider a single product under a finite time horizon and a non-homogeneous compound Poisson customers flow with a rate depending on the stock level and an unknown time-dependent weight function. The rate is controlled by a retail price. In the framework of the diffusion approximation of the stoc...
| Опубликовано в: : | Информационные технологии и математическое моделирование (ИТММ-2023). Ч. 1 : материалы XXII Международной конференции имени А. Ф. Терпугова, 4-9 декабря 2023 г. Ч. 1. С. 308-313 |
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| Формат: | Статья в сборнике |
| Язык: | English |
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| Online-ссылка: | http://vital.lib.tsu.ru/vital/access/manager/Repository/koha:001067429 |
| Итог: | We consider a single product under a finite time horizon and a non-homogeneous compound Poisson customers flow with a rate depending on the stock level and an unknown time-dependent weight function. The rate is controlled by a retail price. In the framework of the diffusion approximation of the stock level process and a linear representation of an intensity-of-price dependence. Considering the salvage value of product, we solve the task of the expected profit maximization with respect to the weight function and lot size. We propose a simple approximation of the optimal weight function |
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| Библиография: | Библиогр.: 4 назв. |
| ISBN: | 9785907722378 |