The optimal ordering policy for a short-life-cycle product under Bayesian updating

被引：0
|
作者：
Liu, B [1 ]
Chen, J [1 ]
Liu, SF [1 ]
Ren, Y [1 ]
机构：
[1] Nanjing Univ Aeronaut & Astronaut, Coll Econ & Management, Nanjing 210016, Peoples R China
来源：
2005 INTERNATIONAL CONFERENCE ON SERVICES SYSTEMS AND SERVICES MANAGEMENT, VOLS 1 AND 2, PROCEEDINGS | 2005年
关键词：
short-life-cycle product; Bayesian updating; ordering decision; Stochastic dynamic programming;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper deals with the ordering decision question on ordering for a short-life-cycle product under Bayesian updating. According to the product, which is characterized by the single cycle and two selling periods, we depict the ordering decision for a centralized system with a stochastic dynamic programming model, and prove that the expected profit function of the whole system is concave on the first ordering quantity and the remedial ordering quantity. Then, we develop the optimal ordering policy for the centralized system. Lastly, we analyze the characteristics of the decision method with some examples.
引用
收藏
页码：457 / 462
页数：6
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