A technical note on the dynamic nonstationary inventory-pricing control model with lost sale
研究了带丢失销售的非平稳、周期盘点、有限时域动态库存定价问题，通过乘法需求模型建立凹性，证明了基库存标价策略的最优性，补充了现有非平稳丢失销售模型的研究。
This paper studies a non-stationary, periodic review and finite horizon dynamic inventory-pricing problem with lost sale. The existing research on this problem suffers from a lack of concavity. Thus, strong conditions have to be assumed to obtain the optimal policy, i.e. stationary system and additive demand. This paper uses multiplicative demand model, which significantly outperforms the additive demand models from statistical prediction accuracy prospect. We establish the concavity which results in the optimality of Base Stock List Price (BSLP) policy. The conditions for the concavity can be satisfied by many commonly used convex demand and distributions in the literature. Our results complement the existing research for the non-stationary lost sale models in this area.