Optimal order quantity and pricing decisions in single-period inventory systems
Polatoğlu, Lütfi Hakan
International Journal of Production Economics
175 - 185
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In this paper, we consider simultaneous pricing and procurement decisions associated with a one-period pure inventory model under deterministic or probabilistic demand. We investigate the necessary and sufficient conditions for an (σ, Σ) type policy to be optimal for the determination of the procurement quantity. We also show how the corresponding optimal price can be obtained. © 1991.
KeywordsDecision Theory And Analysis