A non-myopic dynamic inventory routing and pricing problem

作者：Sayarshad Hamid R; Gao H Oliver^*

来源：Transportation Research Part E: Logistics and Transportation Review , 2018, 109: 83-98.

DOI：10.1016/j.tre.2017.11.005

• Dynamic pricing
• Queuing systems
• Dynamic inventory routing
• Markov decision processes
• Inventory management
• Infinite-horizon look-ahead

A new framework for the design of a dynamic non-myopic inventory and delivery network between suppliers and retailers under the assumption of elastic demand-one that simultaneously incorporates inventory, routing, and pricing-is proposed. The developed queuing approximation method is based on optimal tolling of queues. We propose a dynamic approach for a supplier who has to deliver products to a number of retailers while maximizing social welfare through dynamic pricing that accounts for customer waiting times, inventory holding, lost-sales costs, and delivery costs. The proposed non-myopic model increases the social welfare by up to 17% compared to the marginal pricing case.

• 出版日期2018-1