FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124625737> ?p ?o ?g. }

• W3124625737 abstract "We consider a joint inventory and pricing problem with one warehouse and multiple stores, in which the retailer needs to make a one-time decision on the amount of inventory to be placed at the warehouse at the beginning of the selling season, followed by periodic joint replenishment and pricing decisions for each store throughout the season. Unmet demand at each store is immediately lost. The retailer incurs the usual variable ordering costs, inventory holding costs and lost sales costs, and his objective is to maximize the expected total profits. The optimal control (or policy) for this problem is unknown and numerically challenging to compute. To deal with this, we propose a heuristic control based on the optimal solution of a deterministic relaxation of the original stochastic problem. The construction of our heuristic combines four ideas: (1) order-up-to control, (2) dynamic pricing with linear rate adjustment, (3) replenishment batching, and (4) random errors averaging. We show for a particular choice of control parameters that the heuristic is close to optimal when demand is Poisson and the annual market size is large. In addition to analyzing our proposed heuristic, we also analyze the performance of some popular and simple heuristics that directly implement the solution of the deterministic approximation. We show that simple re-optimization of deterministic problem may yield a very poor performance by causing a ``spiraling down movement in price trajectory, which in turn yields a ``spiraling up movement in expected lost sales quantity (i.e., the expected lost sales quantity keeps increasing as we re-optimize more frequently). This cautions against the use of simple re-optimizations in the joint inventory and pricing setting with lost sales." @default.
• W3124625737 created "2021-02-01" @default.
• W3124625737 creator A5034142159 @default.
• W3124625737 creator A5039412936 @default.
• W3124625737 creator A5068705130 @default.
• W3124625737 creator A5072124533 @default.
• W3124625737 date "2020-01-01" @default.
• W3124625737 modified "2023-09-25" @default.
• W3124625737 title "On the Joint Inventory and Pricing Control for a One-Warehouse Multi-Store Problem with Lost Sales: Spiraling Phenomena and a Near-Optimal Heuristic" @default.
• W3124625737 cites W1977221846 @default.
• W3124625737 cites W1980935204 @default.
• W3124625737 cites W1986352749 @default.
• W3124625737 cites W2006545445 @default.
• W3124625737 cites W2014873662 @default.
• W3124625737 cites W2031014648 @default.
• W3124625737 cites W2034667470 @default.
• W3124625737 cites W2035518103 @default.
• W3124625737 cites W2064865004 @default.
• W3124625737 cites W2065132821 @default.
• W3124625737 cites W2069855826 @default.
• W3124625737 cites W2072137147 @default.
• W3124625737 cites W2075543579 @default.
• W3124625737 cites W2078645665 @default.
• W3124625737 cites W2100951624 @default.
• W3124625737 cites W2102435233 @default.
• W3124625737 cites W2102918325 @default.
• W3124625737 cites W2105024364 @default.
• W3124625737 cites W2105340703 @default.
• W3124625737 cites W2111669004 @default.
• W3124625737 cites W2114086213 @default.
• W3124625737 cites W2117699532 @default.
• W3124625737 cites W2122108146 @default.
• W3124625737 cites W2126208553 @default.
• W3124625737 cites W2127577444 @default.
• W3124625737 cites W2128277766 @default.
• W3124625737 cites W2136768128 @default.
• W3124625737 cites W2137921177 @default.
• W3124625737 cites W2144273693 @default.
• W3124625737 cites W2149968347 @default.
• W3124625737 cites W2166405901 @default.
• W3124625737 cites W2208994903 @default.
• W3124625737 cites W2266041878 @default.
• W3124625737 cites W2598087056 @default.
• W3124625737 cites W2756662155 @default.
• W3124625737 cites W2794468408 @default.
• W3124625737 cites W3018789859 @default.
• W3124625737 cites W3125747142 @default.
• W3124625737 cites W4240666298 @default.
• W3124625737 cites W4252999557 @default.
• W3124625737 doi "https://doi.org/10.2139/ssrn.3688561" @default.
• W3124625737 hasPublicationYear "2020" @default.
• W3124625737 type Work @default.
• W3124625737 sameAs 3124625737 @default.
• W3124625737 citedByCount "0" @default.
• W3124625737 crossrefType "journal-article" @default.
• W3124625737 hasAuthorship W3124625737A5034142159 @default.
• W3124625737 hasAuthorship W3124625737A5039412936 @default.
• W3124625737 hasAuthorship W3124625737A5068705130 @default.
• W3124625737 hasAuthorship W3124625737A5072124533 @default.
• W3124625737 hasConcept C112698675 @default.
• W3124625737 hasConcept C117938511 @default.
• W3124625737 hasConcept C127413603 @default.
• W3124625737 hasConcept C144133560 @default.
• W3124625737 hasConcept C154945302 @default.
• W3124625737 hasConcept C162324750 @default.
• W3124625737 hasConcept C162853370 @default.
• W3124625737 hasConcept C170154142 @default.
• W3124625737 hasConcept C173801870 @default.
• W3124625737 hasConcept C18555067 @default.
• W3124625737 hasConcept C21547014 @default.
• W3124625737 hasConcept C2775924081 @default.
• W3124625737 hasConcept C41008148 @default.
• W3124625737 hasConcept C42475967 @default.
• W3124625737 hasConcept C50416739 @default.
• W3124625737 hasConceptScore W3124625737C112698675 @default.
• W3124625737 hasConceptScore W3124625737C117938511 @default.
• W3124625737 hasConceptScore W3124625737C127413603 @default.
• W3124625737 hasConceptScore W3124625737C144133560 @default.
• W3124625737 hasConceptScore W3124625737C154945302 @default.
• W3124625737 hasConceptScore W3124625737C162324750 @default.
• W3124625737 hasConceptScore W3124625737C162853370 @default.
• W3124625737 hasConceptScore W3124625737C170154142 @default.
• W3124625737 hasConceptScore W3124625737C173801870 @default.
• W3124625737 hasConceptScore W3124625737C18555067 @default.
• W3124625737 hasConceptScore W3124625737C21547014 @default.
• W3124625737 hasConceptScore W3124625737C2775924081 @default.
• W3124625737 hasConceptScore W3124625737C41008148 @default.
• W3124625737 hasConceptScore W3124625737C42475967 @default.
• W3124625737 hasConceptScore W3124625737C50416739 @default.
• W3124625737 hasLocation W31246257371 @default.
• W3124625737 hasOpenAccess W3124625737 @default.
• W3124625737 hasPrimaryLocation W31246257371 @default.
• W3124625737 hasRelatedWork W2006422028 @default.
• W3124625737 hasRelatedWork W2057514591 @default.
• W3124625737 hasRelatedWork W2073969167 @default.
• W3124625737 hasRelatedWork W2079981352 @default.
• W3124625737 hasRelatedWork W2364302371 @default.
• W3124625737 hasRelatedWork W2366068795 @default.
• W3124625737 hasRelatedWork W2382586503 @default.
• W3124625737 hasRelatedWork W2389084859 @default.

• next