报告题目 | Optimal Sequentially Joint Pricing and Inventory Control for an Assortment of Products |
报告人（单位） | 冯有翼 (MIT-Zaragoza International Logistics Program) |
主持人（单位） | 李四杰、陈静（太阳集团tyc539） |
时间地点 | 2024年9月5日（周四）09:30 九龙湖校区太阳集团tyc539B203 |
报告摘要和内容： In this problem，we explore recent advancements in optimal dynamic joint pricing and inventory control for assortments of products with interrelated economic dynamics. We begin by examining the scenario of substitutable products—such as various breakfast items on a menu or different brands of televisions—sold to price-sensitive customers over multiple periods. At the start of each period, the seller must determine the optimal pricing and inventory replenishment strategies for each product. Unsatisfied customer demands are backlogged, and any remaining inventory is carried over to subsequent periods. The seminar will delve into the complexities of managing these decisions to maximize profitability while maintaining an efficient inventory flow. The demand models employed are linear and based on widely recognized regressive statistical methods. We characterize the optimal value functions for the inventories of these products as submodular and mutually diagonally dominant functions for each period. Additionally, we demonstrate how to derive the optimal joint pricing and inventory replenishment policies efficiently, providing both theoretical insights and practical approaches to address these challenging optimization problems. | |
报告人简介：
Dr. Feng was Professor of Supply Chain Management at the MIT-Zaragoza International Logistics Program and Research Affiliate at the MIT Center for Transportation and Logistics. He obtained his PhD in Industrial Engineering from the School of Engineering and Applied Science, Columbia University. He has over 20 years’ experience as both a private consultant and lecturer, working for companies such as TNT, Enron and the Royal Bank of Scotland and he has held previous academic positions at the National University of Singapore and the Chinese University of Hong Kong, among others. Dr. Feng’s research interests include green or low-carbon supply chain management, finance engineering and operations and market risk management, real options theory and applications, models of economic development and pollution control, water system management, urban and township planning, energy demand and price equilibrium forecasting, and stochastic control and modelings of manufacturing, economic and social systems. Dr. Feng has published widely in a variety of academic journals and is a reviewer for many of them. He is a member of INFORMS since 1994 and was on the organizing committee for the Global Supply Chain Conference held in Beijing in 2002. | |
