search query: @author Jorgensen, S. / total: 9
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Author:Jorgensen, S.
Kort, P.
Zaccour, G.
Title:Production, inventory, and pricing under cost and demand learning effects
Journal:European Journal of Operational Research
1999 : SEP 1, VOL. 117:2, p. 382-395
Index terms:OPERATIONAL RESEARCH
PRICING
PRODUCTION
Language:eng
Abstract:The paper considers a monopolist firm that plants its production, inventory, and pricing policy over a fixed and finite horizon. The problem is represented by an optimal control model which combines elements from three streams of literature. The first of these is a classical OR area and deals with optimal production and inventory under exogenously given demand conditions. The second is an area of marketing science which studies dynamic pricing under demand learning effects. The third area belongs to microeconomics and industrial organization.
SCIMA record nr: 202240
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